MOTEL FOR SALE - POPULAR MID COAST HOLIDAY DESTINATION

21 days ago

Location:
Regional NSW > New South Wales

Investment level:
$4,000,000

Type:
Business

Industry:
Miscellaneous > Accommodation & Tourism > Motel

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Internal Ref: 14878

Summary

Description: Set on 3,500m2 land with DA Approval for 41 residential units plus restaurant and 5 shops on ground floor. Currently 26 motel units plus 2 x 2BR units, catering for up to 95 guests. ...

About the Business

Description: Set on 3,500m2 land with DA Approval for 41 residential units plus restaurant and 5 shops on ground floor. Currently 26 motel units plus 2 x 2BR units, catering for up to 95 guests. Property has been in the same hands for the last 20 years. Ideal to operate now with development in the future. Values in this area must continue to climb. Easy walk to Bowling Club.

Age of Building: 1960/1978

Construction: 21 units + 2 x 2BR units. Double storey double brick construction with brick partitions and tile/cliplock roof. In good condition for age. Medium to larger rooms with a mix of bedding configurations.

Turnover: $500,000 ($130,000 Food / $330,000 Accommodation)

Land Area: Approx. 3,511m2

Tariffs: Single $99-$187; Double $99-$187; Family $143-$220; Extra Person $11

Chain Affiliation: No

Lease: No

Star Standard: 3.5

Laundry: Full Commercial Laundry. Towels owned - all else hired. Guest laundry - coin operated.

Restaurant: 50 seat, licenced

Services: Room service, split system reverse cycle air conditioning, in-ground chlorine pool, gas BBQ, microwave ovens / frying pans, parking outside rooms.

Clientele: Representative and trade workers, tourist groups, travellers, short break stays

Residence: 3 bedrooms (with built-in wardrobes), kitchen, lounge, dining, bath, shower, toilet, double garage.

General Comments: Centrally located. Spectacular ocean views.

MQ Property ID:
4121578


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