MOTEL FOR SALE - NEWCASTLE AREA

17 days ago

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Internal Ref: 14878

Summary

Description: Fully refurbished motel in Newcastle area. All new furnishings, electrical and plumbing. Room to expand property. Single level brick and cliplock construction. Beautifully presented....

About the Business

Description: Fully refurbished motel in Newcastle area. All new furnishings, electrical and plumbing. Room to expand property. Single level brick and cliplock construction. Beautifully presented. Just re-opened December 2016. Very popular sought-after location.

Star Standard: 3.5 star self rated

Construction: 15 units. Single storey brick with cliplock roof and brick wall partitions. Property has been closed. Just fully refurbished and ready to re-open.

Age: 40 years approx.

Clientele: Will suit corporate and worker trade, sporting groups as close to golf course. Passing trade, local visitors.

Land Area: 3,000sqm approx.

Tariffs: Single $120 - $140; Double $120 - $140; Family (4) $160 - $200, Extra Person $20.

Chain Affiliation: No

Laundry: Small domestic. All linen hired.

Restaurant: No

Services: Room service breakfast, reverse cycle air conditioning, microwave ovens, pool, BBQ, fire rated.

Lease: No

Turnover: Property is now in 2nd year of trading since re-opening. 18/19 $283,762.10; 17/18 $292,279.41

Residence: 1 bedroom. Lounge dining open plan, bathroom. One Bedroom Manager’s Apartment adjoins Reception. Brand new fitout. Very comfortable for couple.

MQ Property ID:
3389353


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