Great Motel Opportunity In Good NSW Mining Town For Sale

Business description

Location: Riverina
Asking Price: $420,000
This well maintained, chain affiliated 3.5 star AAA rated leasehold motor inn offers 23 comfortable queen, twin, two bedroom family and spa rooms with a spacious two bedroom, one bathroom residence on a generous 3,000 sqm (approx) parcel of land. It is close to busy tourist/commercial precincts, local sporting and social clubs, restaurants, and many township attractions. It is offered for sale with an 18 year lease remaining. This townships local economy is already subject to the benefits of future development by a major mining company’s exploration and construction project.

Turnover: $423,320 (FY11).

Construction: Single storey, brick with tile and cliplock roof.

Land Area: 3,000 sqm (approx).

Rating: 3.5 Star AAA

Age: 1978 & 1983.

Number of rooms: 23.

Room Configuration & Facilities: Well appointed ground floor rooms comprising of standard queen, standard twin, two bedroom family rooms and spa rooms. Room facilities include queen & single beds, ensuite, built-ins, digital TV, fridge, tea/coffee facilities, phone and air conditioning.

Motor inn Facilities: Licensed restaurant and bar, games room, children’s play area, pool, BBQ facility, Austar, non smoking rooms, off street parking, breakfast to rooms, separate guest & motor inn laundry facilities.

Restaurant: Large licensed restaurant with bar, seating for forty. Operating six nights and very popular with both guests and the general public. Full commercial kitchen with walk in cool room.

Residence: Comfortable two bedrooms with built-in robes, one bathroom, large lounge room, eat-in kitchen, laundry shared with motor inn. It adjoins the motor inn and is in close proximity to the reception and bar.

Clientele: Good of repeat business from general and business travelers, tradesmen, reps, coaches, corporate, power workers and Western Area Health.

Rent: $104,241 p.a. (FY 2011).

Lease term remaining: 18 years.