MOTEL FOR SALE- STRONG NEW ENGLAND TOWN

11 days ago

Location:
Regional NSW > New South Wales

Investment level:
$475,000

Type:
Business

Industry:
Miscellaneous > Accommodation & Tourism

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Summary

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.

Restaurant: N/A

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:
844865


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