FREEHOLD INVESTMENT MOTEL FOR SALE - REGIONAL EDUCATION HUB OF THE NEW ENGLAND - BEST LOCATION IN TOWN

SOLD

Description: Very smart motel - well run and ticks all the boxes. Located in a growing regional city with the BEST LOCATION IN TOWN.

Star Standard: 3½ star

Construction: Brick with colorbond roof and double brick partitions. Very well maintained, spacious and well designed.

Residence: 3 bedrooms with built-in wardrobes in each bedroom, own kitchen, lounge room, dining room, carport and private yard. Large 2 level residence - very spacious and comfortable.

Age: Built 1980

Approx. Land Size: 1,510m2

Lease Expires: 10th February 2025 + 3 x 5 Year Options

Rent: $109,274.90 Per Annum (CPI Increases)

Clientele: Reps, Corporate, Education Department, Tourists

Tariffs: Queen $135; Twin $145; Family (4) $165; Extra Person $20

Chain Affiliation: No

Laundry: Semi-commercial, sheets and towels hired

Services: Room service - breakfast only - semi-commercial kitchen; reverse cycle air-conditioning; microwave ovens, coffee and tea making facilities in rooms; Wifi; open courtyard parking; fire rated.

Turnover: 20/21 $376,400; 19/20 $324,045; 18/19 $448,375

Comment: Rare Opportunity to obtain Freehold Investment Motel. Growing regional area - best location in town. Beautiful property - very well maintained. Spacious, well laid out and spotless throughout. A Must to Inspect!

MQ Property ID:
6748064

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