MOTEL FREEHOLD - NEWCASTLE AREA - SPOTLESS PRESENTATION
SOLD
Description: Very well presented motel with very good residence. Regular business trade and corporate trade.
Star Standard: 3½ star
Motel Construction: Two storey brick and tile construction with brick partitions. Solid construction with very little movement. Paintwork in very good condition.
Interior: 23 good medium to large units. Variation of well maintained appointments. Spotless presentation.
Residence: 3 bedrooms with built-in wardrobes, own kitchen, lounge/dining, bathroom, office, private yard. Good family residence joins and above restaurant and reception
Tariffs: Single $120-$145; Double $120-$145; Extra person $20-$25
Chain Affiliation: Golden
Laundry: Full commercial equipment. Sheets and pillow slips hired - remainder owned.
Restaurant: 40 seat (used for light breakfasts - only for groups)
Services: Room service breakfast, full commercial kitchen, reverse cycle air-conditioning, microwave ovens in 12 units, parking in front of units, fire rated.
Turnover: 2019/20 $395,637; 18/19 $513,655
Occupancy: 40% - 44% approx.
Comment: Has been a managed business for many years. Great opportunity for owner operator in highly sought-after city location.
English
Chinese (Simplified)
