4 Star Chain Affiliated Leasehold Opportunity Refz952 For Sale

Business description

Location: Riverina
Asking Price: $900,000
This is your opportunity to purchase a fabulous 4 star AAA rated, chain affiliated leasehold motel located only two hundred metres from the main shopping strip and many facilities of a historical Riverina township. A beautifully presented business offers a combination of 30 very well appointed standard, deluxe, studio or family apartments and executive suites on a large 1,102 sqm (approx) parcel of land. It is close to local restaurants, clubs, hotels, many local tourist attractions and outdoor activities. Plenty of genuine opportunities here to increase existing revenue. Inspection will impress.

Turnover: $777,362 (FY11).

Construction: Double storey brick with tile roof.

Land Area: 3,000 sqm (approx).

Rating: 4 star AAA.

Age: 1994.

Number of rooms: 30.

Room Configuration & Facilities: Offered as standard and deluxe, studio and family apartments, executive suites and disabled rooms. Non smoking room facilities include ensuite, kitchenette, reverse cycle air-conditioning, digital TV with Austar, fridge, toaster, tea/coffee facilities, hairdryer, iron and ironing board, direct dial telephones and wireless broadband. Some units include a spa bath.

Motel Facilities: Outdoor salt water swimming pool & gazebo area, BBQ facility,
licensed restaurant and bar, room service, free Austar, wireless broadband, separate guest & motel laundry facilities, plenty of parking, non smoking rooms.

Restaurant: 35 seat licensed restaurant and bar. Kitchen is of commercial quality.

Residence: Beautifully presented second story residence includes three bedrooms with built-in robes, one bathroom, lounge/dining room, kitchen and laundry.

Clientele: Quite diverse. Plenty of repeat business from company representatives general tourists and walk-ins as well as long standing corporate relationships. Benefits from local businesses and infrastructure.