MOTEL LEASEHOLD FOR SALE - NEW ENGLAND REGION

$575,000

Description: Very well maintained and smartly presented - No. 1 motel in town. Town has a great feel and there are a large number of high level infrastructure projects underway in the area.

Star Standard: 3.5 Star

Construction: Brick and tile with double brick wall partitions.

Interior: Good sized rooms, well appointed and spotless

Residence: Very comfortable, large three bedroom residence with built-in wardrobes in the master bedroom. Own kitchen, lounge, dining, shower, toilet, reception/office, garage/shed

Age: 40 years approx.

Clientele: Corporate, worker trade, tourists and passing trade.

Land Area: 2,014m2 approx.

Tariffs: Single $115; Twin $125; Family (4) $150

Chain Affiliation: N/A

Lease: First Option to 15th March, 2021 then 4 x 5 Options

Rent: $89,636.60 per year exclusive of GST

Laundry: Commercial - linen hired

Restaurant: No

Services: Limited room service, licenced, split system air-conditioning, Wifi, microwave ovens, parking, fire rated.

Turnover: 2019/20 $331,209; 18/19 $410,294; 17/18 $389,116

Occupancy: 60%

Comment: A very well run motel, positioned in the main street with a diverse clientele.

MQ Property ID:
5925438

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