Busy Mining Area Motel For Sale

Business description

Description: Newell Highway. As new property in busy mining area. Strong year round trade. Large repeat clientele.

AAA Rating: 3½ star

Construction: Single level brick & timber with colorbond roof, brick wall partitions and concrete slab foundations. Car-parking all undercover. Ver well maintained, paintwork as new. Medium to large rooms. Well furnished. Spotlessly clean. Spacious bathrooms.

Residence: 3 bedroom with built-ins. Large lounge, dining area, spacious kitchen which is shared with the motel, small private yard, undercover car parking. Spacious family residence, large living area. Ideal for family. Very comfortable.

Age: 20 years approx.

Clientele: Mine workers, reps, tourists and passing trade.

Land Area: 2000sqm approx.

Tariffs: Single $65; Double $75; Extra Person $15

Chain Affiliation: No

Lease: New 25 year term. Rent: $60,000

Laundry: On-site commercial. Sheets hired, balance done on-site.

Restaurant: No

Services: Room service, pool, BBQ, reverse-cycle air-conditioning, fire rated, undercover parking, net access.

Turnover: $180,000

Occupancy: 60% approx.

Comment: Main street location. Business is booming with the new mine in operation. A second mine is approved to open North of the town which will further increase trade. Delightful inspection. Not a cent to spend. Great starter.

Property information

Real Estate:

Lease