MOTEL FOR SALE- REGIONAL CITY LOCATION

22 days ago

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Internal Ref: 14878

Summary

Description: Regional city freehold. Very rare in the current market. Small motel ideal for couple. Major highway frontage location. This area will continue to boom in the coming years. Huge...

About the Business

Description: Regional city freehold. Very rare in the current market. Small motel ideal for couple. Major highway frontage location. This area will continue to boom in the coming years. Huge opportunity to improve. Great residence.

AAA Rating: 3 star

Construction: 11 units. Single level brick construction with tile roof and brick wall partitions. Small to medium size units, clean and well maintained. Budget appointments.

Residence: 3 bedrooms, 1 with built-in robes, lounge, dining, bathroom/toilet, private yard, large double garage sized shed. Roomy family residence – joins reception.

Age: Built 1961 approx.

Clientele: Agricultural, equine trade, local city functions, passing trade, tourists.

Tariffs: Single $80 - $240; Double $90 - $240; Family (4) $140 - $240; Extra Person $10 - $15

Chain Affiliation: No

Lease: No

Laundry: Heavy duty commercial. All linen owned and done onsite. 2 plus changes in very good condition.

Restaurant: No

Services: Room service breakfast, split system reverse cycle air conditioning, microwaves, Foxtel, fire rated.

Turnover: 16/17 $96,000 (6 mths) - 15/16 $192,033 - 14/15 $197,609

Occupancy: 60% approx.

Comment: Older small motel with good residence. Great location – with huge opportunity to improve. These properties are hard to find.

MQ Property ID:
3524282




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