MOTEL LEASEHOLD FOR SALE - BUSY HIGHWAY TOWN CENTRE LOCATION

24 days ago

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Internal Ref: 14878

Summary

CASH COW!Description: Large B&B motel on busy highway town centre location. Excellent condition for age. Very easy to operate.Star Standard: 3 ½ star.Construction: Mainly brick, some fibro....

About the Business

CASH COW!

Description: Large B&B motel on busy highway town centre location. Excellent condition for age. Very easy to operate.

Star Standard: 3 ½ star.

Construction: Mainly brick, some fibro. All single level. Roof iron and corrugated fibro.

Residence: 2 bedroom with walk-in wardrobe, the other, built in. Own kitchen, open plan living area, bath/toilet, laundry. Ideal residence for couple or small family.

Age: 1968-1971

Clientele: Reps, travellers, workmen for mines, roads, Telstra etc

Land Area: 1972sqm

Tariffs: Single $94- $105; Double $98- $105; Twin $105; Family (4) $155- $160; Extra Person $10.

Chain Affiliation: Choice

Lease: 12 Years

Laundry: Heavy duty equipment (sheets & towels hired)

Restaurant: No. Short walk to restaurants

Services: Room service, breakfast, fully fire rated, air-conditioning, BBQ, DD phones.

Turnover: 17/18 $384,602; 16/17 $370,291; 15/16 $430,898 net GST

Occupancy: 55% approx.

Comment: An older motel in excellent condition inside and out. A credit to owners. High standard affiliated chain motel in central CBD location. Easy stroll to RSL club & restaurants. This property continues to improve every year. A real money maker!

MQ Property ID:
844466


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