MOTEL LEASEHOLD FOR SALE - SOUTH COAST - 4 STAR

$395,000

Description: A very smart property with a blend of motel units and two-level apartments with numerous configurations. Great location and close to nearby restaurants and shops.

Star Standard: 4 star

Building Description: Two storey brick construction with tile roof and double brick partitions. Twenty-five years young, well maintained with great street appeal.

Description of Interior: 5 motel units, 4 x 2 bedroom apartments and 1 x 1 bedroom apartments = total 10. Two bedroom apartments are two storey with kitchen, personal laundry, lounge and dining areas. Large rooms, king beds, all refurbished, excellent presentation.

Clientele: Trade Workers, corporate, Tourist, Passing Trade

Turnover: 2020 $315,289; 2019 $313,549; 2018 $380,175

Tariffs:
Motel Units : Single $127 - $170; Double $127 - $170 (Maximum 2 Per Room)
Apartments: 2 People $180 - extra $20 per person
Apartments - Holiday Period: $260 - $280 for 4 persons

Chain Affiliation: No

Lease Term: Expires 2046

Rent: $104,760 Plus GST Per Annum

Laundry: Commercial laundry - sheets/towels hired - remainder owned on site. Guest laundry - charge added back to room charge.

Restaurant: N/A.

Services: Room service - hot breakfasts, reverse cycle air conditioning, solar heated pool, open courtyard parking, microwave ovens, minibar, Wifi, Foxtel, fire rated.

Occupancy: 73%

Residence: 2 bedroom, built-in wardrobes, open plan lounge/dining, toilet, shower, private balcony, carport. Over two levels and very comfortable with on-site surveillance cameras.

Comment: Well and truly lives up to its 4 star reputation. A 'Must See'!

MQ Property ID:
6251089


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