MOTEL LEASEHOLD FOR SALE - LARGE ROOMS - DELIGHTFUL INSPECTION

SOLD

Delightful newer style motel with highway frontage, overlooking the Golf Course.

Construction: 12 units + 4 apartments. Single storey brick construction with brick partitions and tile roof. In 'as new' condition. Larger sized motel units with generous bathrooms and good quality appointments - well maintained. Apartments are stunning - fully self-contained.

Age: Built 1984-1997

Star Standard: 4 Star

Lease: 19 Years - Extra years available at $8,000 per year

Rent: $146,000 per annum net GST

Land Area: 3,200sqm approx.

Tariffs: Single $120; Double $120; Triple $150; Apartment $220-$240; Extra Person $20

Chain Affiliation: No

Occupancy: 65%

Laundry: Heavy Duty, Commercial - All Linen owned on site - 2 Plus Changes in Good to New Condition

Services: Room Service - Breakfast - Charge Back Meals, Reverse Cycle Air-Conditioning, Open Parking - Motel, Covered Parking - Apartments, Inground Chlorine Pool, Gas Barbecue, Fire Rated

Turnover: 2019/20 $574,409; 18/19 $604,185; 2017/18 $518,649; 2016/17 $471,881 excl. GST

Clientele: Service Trades for Mining, Power Stations & Equine Industries; Passing Trade; Tourists; Weekend Visitors

Residence: Good residence for couple or small family. Two Bedrooms with built-in wardrobes, lounge/dining; bath/toilet, laundry, double lock-up garage. There is also a large 2 bedroom suite below residence which could be included in residence if required.

Comment: All aspects of this property are of good quality. The property overlooks the golf course and offers full self-catering facilities in some units. Suits the service trade for the area.

MQ Property ID:
4316760

Facebook
To receive updates via your Facebook newsfeed please click here, or visit www.facebook.com/ManentiQuinlan and like our page.

Twitter
To follow us on Twitter please click here or visit www.twitter.com/ManentiQuinlan

LinkedIn
To connect on LinkedIn click here or visit http://www.linkedin.com/company/manenti-quinlan-&-associates