MOTEL PASSIVE INVESTMENT FOR SALE - REGIONAL CITY MOTOR INN & FUNCTION CENTRE

SOLD

Description: Regional City Motor Inn & Function Centre on large 3.57Ha (approx.) of landscaped grounds. Meticulously maintained and recently renovated, the property enjoys a four star boutique standard.

Star Standard: 4 star

Construction: Single level brick and timber construction with tile and corrugated iron roof and timber and brick partitions. Excellent condition and well maintained. Variation of unit and bathroom sizes. Many rooms have recently been refurbished and are beautifully appointed. All rooms present to a high standard.

Manager's Residence: Located in the main building.

Age: Built 1860 – 1980 approx.

Clientele: Corporate reps, trade workers, passing trade, tourists, country visitors.

Land Area: 3.57Ha approx.

Chain Affiliation: N/A

Lease: Start date - 01.05.2022; 5x5 years; Annual increase CPI

Rent: $158,250 per annum (excl GST)

Laundry: Commercial laundry. Operator owns all equipment.

Restaurant: Yes – currently operates for breakfast only.

Services: Reverse cycle air-conditioning, BBQ, tennis court, volleyball court, fire rated.

Comment: Magnificent rural estate style motel located in a major New England educational centre. Large area available for expansion. Inspection recommended. You will not be disappointed.

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