MOTEL LEASEHOLD FOR SALE - BUSY NORTH COAST CITY - RIVERFRONT LOCATION

$480,000

Description: Immaculate brick and tile Motel in prime Main Street location in busy North Coast service city.

Star Standard: 3.5 star

Construction: 20 units. Two storey brick construction with tile roof and brick wall partitions. 10 rooms repainted. Modern style all generous size units including 2 x 2 bedroom family units. All rooms have new auto door locks; new shower screens. Excellent paintwork & appointments – faultless inspection

Residence: Three bedroom with built-ins. Lounge, dining, bath / toilet, balcony, carport. New security doors, upgraded bathroom, freshly painted. Spacious and convenient above reception.

Age: Built late 1980s approx.

Clientele: Reps, local workers, groups, passing trade, interstate travellers, tourists.

Land Area: 1/2 acre approx.

Tariffs: Single $125 - $145; Double $135 - $165; Family (4) $165 - $200; Extra person $20.

Chain Affiliation: N/A

Laundry: New domestic heavy duty. Sheets and towels hired. Remainder done onsite.

Restaurant: Yes – 15-20 seat breakfast room. Licensed

Services: Room service - breakfast, reverse cycle air-conditioning, microwave ovens (5), inground salt pool, gas barbecue, Foxtel, fire rated.

Lease: Expires 28th March 2037. Rent $143,640 per annum inclusive ($11,970 per month). Extra years available.

Turnover: 18/19 $393,703; 17/18 $515,164; 16/17 $458,731; 15/16 $440,863

Comment: Inspect with confidence, immaculate presentation. Located in booming coastal city motivate vendor.

MQ Property ID:
5995022


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