Low Maintenance Motel In Regional NSW City Location For Sale

Business description

Location: Riverina
Asking Price: $540,000
This low maintenance motel is a high 3.5 star AAA rated leasehold well located only four hundred metres from the main shopping strip of a prime Riverina city. It offers 16 comfortable double, twin and family style rooms with a spacious three bedroom residence on a generous 1,650sqm (approx) parcel of land. It is very near to all tourist, major shopping and commercial precincts, restaurants, pubs, clubs, sporting facilities and local attractions. It is offered for sale with a 20 year lease remaining. This easily run business is in fantastic condition throughout with not a cent to spend. Inspection will impress!

Turnover: $388,251 (FY11).

Construction: One & two storey, brick with colorbond roof.
Land Area: 1,650sqm (approx).

Rating: High 3.5 Star AAA.

Age: 1988.

Number of rooms: 16.

Room Configuration & Facilities: Beautifully appointed rooms over one and two levels comprising of large double, twin and family rooms. All rooms are non smoking and facilities include ensuite, kitchenette, queen beds, built-in wardrobes, flat screen TV’s, free Austar, DVD players, wireless internet, tea/coffee facilities, microwave, direct dial phones, clock radio and ironing facilities.

Motel Facilities: Swimming pool, BBQ facilities, fax/copy facility, DVD library, non smoking rooms, off street parking, close to city centre, charge back facility, breakfast to rooms.

Restaurant: No.

Residence: Beautifully presented three bedrooms, two bathrooms, separate toilet, separate lounge and dining, kitchen, large walk-in pantry, office, laundry, ceiling fans, large private garden, courtyard, plenty of storage, lock-up shed/garage and carport.

Clientele: Excellent repeat business from many full paying corporate relationships. Other custom is from small groups and walk-ins, general and business travelers, holiday makers.

Rent: $118,078 p.a. (FY 2011).

Lease term remaining: 20 years.