MOTEL LEASEHOLD FOR SALE - SNOWY MOUNTAINS - FULLY REFURBISHED

$1,695,000

Description: 20 Year Lease. Newly refurbished guest rooms - modern and comfortable with stunning views over Lake Jindabyne. Very well maintained. Paint & furniture all in excellent condition.

Star Standard: 3.5 star

Construction: 2 level brick and tile construction with brick partitions. Building has been fully renovated throughout. 25 Motel Units plus 3BR Apartment.

Age: 30 Years Approx.

Clientele: Mix of tourism and corporate

Land Area: 2,683sqm approx.

Tariffs: Motel Rooms $126 to $320 Per Night; 3 BR Apartment $340 to $1,000 Per Night

Lease: 21 years

Rent:
Year 1 $400,000
Year 2 $800,000
Year 3 $1,000,000 then 4%
Bank Bond $330,000

Services: Small kitchen for breakfasts only, air-conditioned, limited parking, Wi-Fi, guest laundry, fire rated

Turnover: 6 Mths Hotel Revenue 01.03.2023 to 30.09.2023 $967,173.76; Permanent Rentals $5,609 per week

Comment: This property has a restaurant and bar with panoramic views over the Snowy Mountains and Lake Jindabyne and also offers wedding and function facilities through the non-snow season. 21 year lease term in an area that is becoming a very popular destination for holidays and short break travellers. Not to be missed!

MQ Property ID:
7789065

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