MOTEL LEASEHOLD FOR SALE - ONE MOTEL TOWN

SOLD

Description: Immaculate property in one motel town. Town centre location. Strong year round trade.

Star Standard: 3 star

Construction: Single level brick and tile with concrete slab foundations and brick wall partitions. Good variation of unit sizes and configurations. Excellent presentation with appointments of high standards. Spotless inspection.

Age: 1975 - 1993 approx.

Clientele: Local workers, passing trade, reps, corp & tourists.

Land Area: Half Acre

Tariffs: Single $95 - $124; Double $106 - $129; Extra Person $12

Chain Affiliation: No

Lease: 20th February 2044.

Rent $97,726.83 inc GST.

Laundry: Domestic heavy duty equipment. Sheets and slips are hired - remainder owned and laundered on site.

Restaurant: 50 seat (closed)

Services: Restaurant (closed), room service, BBQ, ceiling fans and split system reverse cycle air-conditioners, DD phones, parking in front of units, fire rated.

Turnover: 20/21 $478,153; 19/20 $337,598; 18/19 $393,377; 17/18 $403,913

Occupancy: 60% approx.

Residence: 4 bedroom, 3 with built-ins, kitchen, lounge/dining, 2 bathrooms, carport & private yard. Very good size. Joins reception and back office.

Comment: Only motel in New England town. Central location with increasing trade. Delightful inspection.

MQ Property ID:
5087380

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