MOTEL FOR SALE - FANTASTIC LOCATION - 15 MINS FROM CANBERRA CBD

29 days ago

Location:
Regional NSW > New South Wales

Investment level:
$3,500,000

Type:
Business

Industry:
Miscellaneous > Accommodation & Tourism > Motel

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Internal Ref: 14878

Summary

Description: Recently refurbished motel in great location. Good repeat corporate and government trade. Well-presented and modernised - wonderful opportunity to get into the sought-after Queanbeya...

About the Business

Description: Recently refurbished motel in great location. Good repeat corporate and government trade. Well-presented and modernised - wonderful opportunity to get into the sought-after Queanbeyan motel region.

Star Standard: 3.5 star

Construction: 32 units, brick double storey with brick partitions and colorbond / iron roof. Medium to large units tastefully decorated.

Age: 1970s / 1980s - very good condition for age

Clientele: Corporate trade, reps, public service, armed services, tourists, passing trade.

Land Area: 2,813m2

Tariffs: Single $90- $120; Double $90-$120; Family $170-$210; Extra Person $10

Chain Affiliation: Haven

Lease: No

Laundry: Commercial - All linen laundered on site. 2 Plus changes of linen in good condition.

Restaurant: Not currently operational

Services: Air conditioned, microwave ovens, parking outside units, gas barbecue, foxtel, fire rated.

Turnover: $600,000 + (TBA - Awaiting figures from owner)

Residence: 4 bedrooms with built-in wardrobes, share kitchen, lounge, lounge/dining, bath, shower, toilet, carport. Good family residence across driveway from reception.

Comment: First time to market in 11 years. Recently refurbished and tastefully decorated. Strong repeat trade. Wonderful opportunity.

MQ Property ID:
4233053

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