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Leasehold Motel For Sale- Town Centre Motel For Sale

New South Wales, Australia
Asking Price:
$330,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Description: Quality compact B&B motel. Delightful inspection. Very busy year round. Easy operation for couple to operate. Good mix of trade.

AAA Rating: 3 star

Construction: 10 units. Single level double brick & tile with brick wall partitions. Medium sized units & bathrooms. Excellent appointments and paintwork. Present owners have done a lot of upgrading work. Very solid buildings.

Residence: 3 bedroom, 2 with built-ins, private kitchen, large living & dining areas and bathroom. Good roomy residence. Above reception. No garage.

Age: Built 1982 approx.

Clientele: Reps & workers/trades, passing trade, tourists.

Land Area: 1/2 acreapprox.

Tariffs: Single $85 - $90; Double $95; Twin $110; Family (4) $135; Extra person $15

Chain Affiliation: Yes

Lease: New 30 year lease. Rent 80,000 p.a.

Laundry: Domestic heavy duty. Sheets hired. Balance owned and done on site.

Restaurant: No. Restaurants within walking distance.

Services: Room service breakfast, microwaves (5), undercover parking (8), split air-conditioning, room phones, Austar, fire rated.

Turnover: 15/16$240K WITH ADDED BACK NET $200K (APPROX) - 14/15$220,000 - 10/11$198,456

Comment: Spotlessly kept town centre motel within 45 mins to beaches. Easy strol to club & restaurants. Owners wish to retire.

MQ Property ID:

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