About the Business

Description: Very tidy single level motel. Good highway exposure in busy New England centre. A huge upside here. Good forward bookings and regular repeat trade.

Lease Term: New 30 Year Lease

Rent: $135,000 per annum plus GST

Turnover: July 2024 to March 2025 $424,551; 23/24 $535,133; 22/23 $507,863

Construction: Brick construction with brick and block partitions and iron roof

Interior Description: Superbly refurbished throughout with quality appointments - excellent

No. of Rooms: 15

Residence: 3 bedroom (2 with built-in wardrobes), large lounge / dining, 2 bathrooms / toilet, 2nd toilet, own laundry, full size kitchen, lock-up garage. Convenient and roomy with new air-conditioner. Joins reception.

Land Area: 1.5 acres (Approx.)

Age: Built 1970 to 1978

Tariffs: Single $99 - $145; Double $135-$145; Family (4) $185

Occupancy: 90%

Chain Affiliation: N/A

Restaurant: Continental Breakfast Only

Laundry: Heavy duty commercial - 2 washers & dryers

Guest Laundry: Share with motel

Services: Split system reverse cycle air-conditioning systems, undercover parking in front of units, gas barbecue, Wi-fi, 7 EV charging stations, solar panels, 3 bay storage shed, fire certification

Comment: New to the market - great inspection.

MQ Property ID:
1P2955