MOTEL LEASEHOLD FOR SALE - WELL PRESENTED IN HIGHLY SOUGHT-AFTER LOCATION

SOLD

Description: Well-presented property in highly sought-after area.

Star Standard: 3.5 star

Construction: 31 units. Two storey brick construction with tile roof and brick wall partitions. Been refurbished in stages over last 14 months. Medium to large rooms; some very large 2 room units.

Built: 1980 approx.

Residence: 2 (or 4) bedroom with built ins, lounge, bathrooms, share kitchen.

Turnover 01.07.2020 to 30.04.2021 (10 Months) $623,239; 2019/20 $690,695; 18/19 $766,450

Tariffs: Single $99 - $116; Double $125 - $135; Family (4) $165 - $175; Extra Person $25

Chain Affiliation: No

Lease: 25 Years

Rent: $180,000 per annum net of GST.

Laundry: Commercial laundry. All linen hired.

Restaurant: Licensed breakfast room (closed)

Services: Room service breakfast, reverse cycle air conditioning, BBQ, pool, Wifi, D/Dial phones, parking at front of units, fire rated.


MQ Property ID
6447160



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