MOTEL LEASEHOLD FOR SALE - NEWELL HWY LOCATION

$350,000

Description: Smart country motel on Newell Highway. 24 units plus 2 self-contained cottages. All single level. Ideal rep & coach trade. Property in very good condition on large block with strong growth potential.

Star Standard: 3.5 star

Building Description: Well maintained, single storey, brick and tile construction with brick partitions. All in very sound condition.

Description of Interior: Variation of unit sizes from good medium to very large units including a number of large family units with quality appointments.

Land Area: 4.5 Acres

Clientele: Reps & local workers, road crews, interstate travellers, coach business.

Tariffs: Single $99; Double $115; Family (4) $143; Extra Person $15

Chain Affiliation: No

Lease Term: 27 Years

Rent: $70,000 Plus GST Per Annum (21% Turnover)

Turnover: $333,109 net GST

Laundry: Full commercial laundry onsite. All linen owned and laundered onsite. 2-plus changes. Coin Operated guest laundry available.

Restaurant: Yes - 48 plus Alfresco area with licensed bar and excellent commercial kitchen.

Services: Room service, split system reverse cycle air conditioning, function room with seating for 80 theatre style, cooking facilities in 3 rooms, Wifi, covered gas BBQ in pool area, large inground pool, fire rated.

Occupancy: 42% approx.

Residence: 4 bedroom, 2 with built ins, sitting room, 2 bath/toilets, laundry, share kitchen. Joins reception.

Comment: Ticks all the boxes and a "must see". This motel is very well run with a great mix of clientele including contractors, reps and repeat business. Great long term future with natural gas projects and the rail infrastructure roll out.

MQ Property ID:
6248647


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