MOTEL LEASEHOLD FOR SALE - NEW ENGLAND HIGH COUNTRY

$550,000

Description: Immaculately presented Motel on a large land area with strong repeat trade. Single level brick and tile. Outstanding value with great future potential. New England Highway frontage close to Armidale City.

Lease: New 30 Year Leasehold

Rent: $104,000 Per Annum

Star Standard: 3.5 star

Construction: 16 units. Single storey solid brick construction with tiled roof and brick wall partitions. Recently repainted

Age: Built 1969 - 1979 approx.

Clientele: Reps, workers, short break and tourist trade.

Land Area: 9,931sqm approx.

Tariffs: Single $99; Queen $105; Family $155; Two Room Suite $175; Extra Person $25

Chain Affiliation: N/A

Laundry: On site, heavy duty commercial in as new condition. 2 plus linen changes.

Restaurant: No

Services: Air-conditioning and heaters, parking in front of units. Fire rated.

Turnover: Calendar Year 2022 $407,606

Occupancy: 71.52%

Motel Residence: 3 bedrooms with lounge/dining, bath/toilet, private yard and carport. Generous size family residence.

Comment: Run by the manager, this Motel on the New England Highway frontage close to Armidale City is set on a large land area with strong repeat trade. Immaculate presentation with outstanding value and great future potential. Single level brick and tile construction.


MQ Property ID:
7610384


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