Description: Single level B&B motel on the main street of Tenterfield. CBD location. Strong year round corp and passing trade. Very easy business to run. Currently managed.AAA Rating: 3.5 starConst...
About the Business
Description: Single level B&B motel on the main street of Tenterfield. CBD location. Strong year round corp and passing trade. Very easy business to run. Currently managed.
AAA Rating: 3.5 star
Construction: Single level brick & tile with concrete foundations and brick wall partitions. Good variation of room sizes including 2x 2BR family suites. Solid brick building in excellent condition - no movement. Paintwork good.
Residence: 3 bedroom, 2 with built-ins. Large lounge/dining area, new bathroom, share motel kitchen. Roomy convenient residence - joins reception. Great presentation.
Age: Built 1984
Clientele: Corporate rep trade, local workers, passing trade, tourists.
Land Area: 2391sqm approx.
Tariffs: Single $95 - $105; Double $99 - $115; Family (4) $135 - $240; Extra person $15 - $25
Chain Affiliation: Yes
Lease: Expires 2042 (26 years)
Rent $81,084p.a. + GST
Laundry: Heavy duty equipment. Sheets sent out. Balance done onsite.
Services: Room service breakfast, microwaves available, reverse cycle air conditioning, undercover parking, BBQ, foxtel, fire rated.
Turnover: Year 2016 $383,285 - 5 mths Jan-May2016 $176,581 - Year 2015 $368,418 – 13/14 $346,934
Occupancy: 60% approx.
Comment: Town centre motel in strong New England rural town. Good presentation and condition. Steady trade with room to improve. Best location.
MQ Property ID:
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