MOTEL FOR SALE- REGIONAL NSW

SOLD

Description: Large format 25 room Motel in a strong regional part of New South Wales. There have been upgrades over the course of the lease. Very popular with trade reps and corporate travellers. Opportunity to restart the Motel restaurant.

Star Standard: 3.5 star

Construction: Two storey double brick building with double brick partitions and tiled roof.

Residence: The three-bedroom apartment is currently used as the Manager's residence. It has built ins, lounge, dining, bathroom and kitchen. Very comfortable and in a great location.

Clientele: Trade reps and corporate travellers

Land Area: 1.573sqm (approx.)

Tariffs: Double room $110; Queen Room $130; Twin Room $135; Family Room $140; 1 Bedroom Apartment $145; 2 Bedroom Apartment $155; 3 Bedroom Apartment $165

Chain Affiliation: N/A

Lease: Expires February 2024 with an option of 3 x 5 years to 2039

Rent: $109,084.88 per annum inclusive of GST

Laundry: Fully commercial

Restaurant: 45 seating capacity. Currently not operating.

Services: Reverse cycle air-conditioning, cooking facilities in apartments, open courtyard parking, BBQ, pool and Wi-fi.

Turnover: 2022/23 $698,933.58; 2021/22 $338,500.78

Occupancy: 68%

Comment: This is a must inspect property with great opportunity.

MQ Property ID:
7667213

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