MOTEL FOR SALE - NEWCASTLE REGION - RARE OPPORTUNITY

24 days ago

Location:
Regional NSW > New South Wales

Investment level:
$1,550,000

Type:
Business

Industry:
Miscellaneous > Accommodation & Tourism > Motel

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Internal Ref: 14878

Summary

Rare opportunity to acquire a freehold in this highly sought-after location. Easy to operate motel with main highway exposure. Strong repeat trade. All ground floor units. Large spacious reside...

About the Business

Rare opportunity to acquire a freehold in this highly sought-after location. Easy to operate motel with main highway exposure. Strong repeat trade. All ground floor units. Large spacious residence. Ideal family property.

Construction: 14 units, single storey, Double brick with brick partitions and cliplock roof. In good condition for age. Medium to large, well-appointed rooms.

Age: Built in the 1960s

Clientele: Corporate and trade reps., mining workers, weekend visitors, golfers.

Residence: Large 4 Bedroom Family Residence - massive rooms, light and breezy. Fantastic for large family. Kitchen, dining, lounge, bath, shower, toilet, garage, private yard.

Land Area: 1,400sqm approx.

Tariffs: Single from $85-$100; Double $100; Family $130; Extra Person $15

Chain Affiliation: No

Laundry: Commercial Dryer and Domestic Washing Machine. All linen hired.

Services: Gas BBQ, in-ground chlorine pool, microwave ovens, reverse cycle air-conditioning, Foxtel, parking in front of units, commercial kitchen.

Turnover: $270,000

Comment: Easy to run coastal motel with good repeat business. Open areas work well for groups. Main road frontage in Newcastle area with large residence perfect for a large family and a great lifestyle.

MQ Property ID:
4119902

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