Great Yield Strong Regional City Location AAA Motel For Sale

Business description

Location: Riverina
Asking Price: $300,000
This leasehold offering is a 3.5 star AAA rated motel located only one kilometre from the main shopping strip and commercial precinct of a major regional city. A very sound business offers 28 comfortable rooms of varying configurations and a 3 bedroom residence on a generous 3,133sqm (approx) parcel of land. It is close to busy tourist precincts, parks, restaurants, sporting and natural attractions. Offered for sale with 12 years remaining on the current lease, this property is in great condition inside and out and an ideal opportunity for a smart owner operator.

Turnover: $362,400 (FY11)

Construction: One and two storey, brick with cliplock roof

Land Area: 3,133sqm (approx)

Rating: 3.5 Star AAA

Age: Mid 1970’s

Number of rooms: 28.

Room Facilities: Varying configurations featuring double, queen & single beds, digital TV’s, Wi-fi internet, direct dial telephones, tea/coffee facilities, toasted, hairdryer, iron & ironing board, reverse cycle air conditioning, fridge and microwaves on request.

Motel facilities: Non smoking rooms , plenty of off street parking, parking for larger vehicles, internal & external room access, near town centre, BBQ facilities, wi-fi internet, guest & motel laundry facilities, 56 seat licensed restaurant, continental & hot breakfasts in dining room, room service.

Restaurant: 52 seat licensed restaurant with bar and full commercial kitchen. Coach, convention and group specialist.

Residence: Three Bedrooms (main with walk-in robe), two bathroom, separate lounge and dining rooms, reverse cycle air-conditioning, kitchen and laundry. It adjoins the motel and is above the reception.

Clientele: Plenty of repeat business from general and business travelers. Coach, group and convention specialists.

Rent: $62,424 p.a. (FY 2011)

Lease term remaining: 12 years