Fantastic Development Potential South Coast Three Star Motel For Sale

Business description

Location: Far South Coast
Asking Price: $1,800,000
Very well located 3 star self rated freehold motel located only one hundred metres from the main shopping strip of busy seaside destination. A very sound business offers 20 comfortable family, queen or twin style rooms on a generous 1,590sqm (approx) parcel of land. It is close to busy tourist precincts with council car park, restaurants, beaches and local attractions with lake views. This property is an income producer and an ideal opportunity for a smart operator.
LEASEHOLD ALSO AVAILABLE.

Turnover: $262,325 (FY11)

Construction: Two and three storey, brick with colourbond roof

Land Area: 1,590sqm (approx)

Rating: 3 Star (self rated)

Age: Late 1970’s

Number of rooms: 20.

Room Facilities: Family, Twin share, Standard Queen and Budget Queen rooms. Queen & single beds, microwaves, digital TV’s, mini fridge, ceiling fans, wireless internet and ensuite. Six rooms are air conditioned and those with balconies have water views.

Motel facilities: Swimming pool, balconies with lake views, all rooms non smoking, ample off street parking, BBQ facilities, breakfast to rooms.

Restaurant: No.

Residence: Two Bedrooms with built-in robes, 1.5 Bathroom, lounge room, kitchen and laundry shared with motel. It adjoins the motel and is in close proximity to the reception.

Clientele: Plenty of repeat business from general and business travelers, holiday makers.