MOTEL LEASEHOLD FOR SALE - MAJOR REGIONAL CITY - EASY TO OPERATE

SOLD

VENDOR FINANCE AVAILABLE TO 50% OF PURCHASE PRICE AT BANK RATE

Quality B&B Motel in major regional city.

Star Standard: 3.5 - 4 star

Construction: 23 units - Two storey brick construction with iron roof and brick wall partitions. Very solid construction. Well maintained and presented. As new paintwork. Also 3BR cottage.

Interior: Good variation of motel rooms through to apartment with full facilities. Fitout is modern and high quality.

Age of Building: From 35 Years

Land Area: 2,770m2

Tariffs: Single $115-$135; Double $125-$145; Family (4) $180-$200; Extra Person $20-$25; 3BR Cottage $350 Per Week

Turnover: 20/21 $671,000

Lease Term: New 25 Year Term (5 x 5 years)

Rent: $177,000 per annum

Chain Affiliation: No

Occupancy: 63% - 65%

Laundry: Commercial on Premises - Linen 'as new' - 2.5 Changes - Guest Laundry

Restaurant: No - Breakfast Only

Services: Dinner by Delivery, New Split System Air-Conditioning, Microwave Ovens, Pool, BBQ, Netflix, parking at front of rooms or where available, fire rated.

Clientele: Strong Corporate and Rep Trade, Interstate Travellers, Tourists, Zoo Trade.

Residence: Two bedrooms with built-in wardrobes, own kitchen, lounge, dining, bathroom and private yard. Medium size owner's residence. Ideal for couple or small family. Very comfortable.

Comment: Prime highway position. Excellent presentation. Easy business to operate. Plenty of room for growth. Sought after regional city location.

MQ Property ID:
6769033

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