MOTEL FOR SALE - SOUTH COAST - BEST REDEVELOPMENT SITE IN MERIMBULA & FAR SOUTH COAST

$3,600,000

Description: The best redevelopment site in Merimbula & Far South Coast. 3,600m2 of land with the benefit of 2 street frontages and located a short stroll to the shopping centre.

Well positioned motel, close to town centre with water views. Good coach trade motel.

Construction: Brick construction with cliplock iron roof and brick partitions. Single level 25 unit motel in very good condition. Variation of unit sizes - appointments in very good condition.

Age: Approx. Built 1990

Clientele: Coach Trade, Tourists, Holiday Makers, Workers

Land Area: 3,600m2

Tariffs:
Single $90 to $130; Double $90 to $140; Family $110 to $170; Extra Person $20

Restaurant: 45 seat (coach trade only), licenced, room service - breakfast

Laundry: Domestic heavy duty, sheets hired - remainder owned and laundered on site

Services: Inground salt pool, gas barbecue, off-street parking - boats, trailers, heavy vehicles, D/Dial telephones, fire rated

Turnover: 20/21 $249,523.53

Occupancy: 50%

Residence: 2 bedroom - 1 with built-in wardrobe, lounge, bathroom/toilet. Joins reception - suit couple.

Comment: Has been managed for many years - would respond well to owner operator. Possible redevelopment site for up to 12 apartments.

MQ Property ID:
5945366


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