MOTEL FOR SALE - HIGH QUALITY CORP MOTOR INN - SOUTH COAST HIGH GROWTH AREA
SOLD
Description: High Quality Corporate Motor Inn. Close to Sydney. Very strong year round trade. Property is operated under management with limited input from owner. City centre location. Strong tariffs. Strong growth area.
Star Standard: 4 star
Construction: 30 units. Two storey rendered double brick with tile roof and brick wall partitions. Larger size units with spacious bathrooms. Motel has been a managed business for many years. Furniture and fitout is all modern and very well presented.
Age: 30 years approx.
Clientele: Excellent mix of corporate, workers and long stay trades, government, passing trade, interstate travellers.
Residence: 3 bedroom with built-ins, large lounge, dining, bathroom. Spacious Manager’s residence. Ideal for family. Very comfortable with easy access to Reception Area.
Land Area: 3,089sqm approx.
Tariffs: Single $140 - $165; Double $140 - $175; Family $160 - $200; Extra Person $20.
Chain Affiliation: No
Laundry: All linen hired.
Restaurant: Yes, licensed.
Services: Room service, reverse cycle air conditioning, convention facilities, pool, Austar, wifi, parking on site in front of rooms, fire rated.
Turnover: 2019/20 $1,207,901; 18/19 $1,378,634
Adjusted Net: 19/20 $491,059; 18/19 $533,489
Occupancy: 68% approx.
Comment: Well maintained and beautifully presented property. Fully managed business. Prime main street location. Walk to all shops and city amenities. DA Approved for 4 extra units.
English
Chinese (Simplified)
