MOTEL FOR SALE - MID COAST

SOLD

Description: This has it all. Adjacent to the mid-coast blue water plus next door to the club. B&B only. Strong growth area both in tourist numbers and residential growth.

Star Standard: 3½ star.

Construction: Brick and tile. All single level. Concrete slab foundations with brick wall partitions. 16 Units. Excellent appointments with new paint work. Very well maintained and presented. Not a cent to spend.

Interior: Good medium sized units and medium bathrooms. 1 large family suite. New beds and carpet. Immaculate presentation.

Age: 1980 - 1981

Clientele: Tourist, local travelers, limited business trade.

Land Area: 2,150sqm.

Tariffs: Standard $110 - $145; Delux $115 - $145; Family $140 - $170; Twin $130 - $165; Apartments $140 - $170

Chain Affiliation: No

Occupancy: 68%

Laundry: Heavy duty machines. All linen hired except hand towels, washers and bath mats. Guest Laundry

Restaurant: Club next door or restaurant within easy walking distance

Services: Room service - breakfast, large covered BBQ, in-ground pool, DD phones, Austar, parking open in front of units, fire rated.

Turnover: 2018/19 $362,093; 2017/18 $359,214; 2016/17 $335,615

Residence: 2 bedroom, main has built-in wardrobe. Private kitchen, lounge, dining, large private yard. Well kept residence - joins reception, stunning water views.

Comment: Very tidy single level motel with uninterrupted water views. Close to main surfing beach. Lots of room for income improvement. Next to Bowling Club. Walk to shops and café. Big improver. Fabulous real estate.

MQ Property ID:
4775630


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