Motel Busy Newell Hwy For Sale

Business description

Description: Busy Newell Hwy location. B&B only motel in popular town. Set back from the hwy to reduce noise. Property has been leased for many years and is now back with the freehold owner.

AAA Rating: 3½ star

Construction: Brick with corrugated iron roof. Colonial style construction. Brick & gyprock partitions. Concrete slab floor. Very solid construction. New paintwork.

Residence: 1 bedroom with built-in wardrobe. Lounge, dining, bath/toilet, share motel kitchen, good residence for couple. Joins reception.

Age: 1970

Clientele: Reps, local workers, miners and passing trade.

Land Area: 1 acre approx.

Tariffs: Single $75 - $85; Double $80 - $90; Family (4) $120; Extra Person $10.

Chain Affiliation: N/A

Lease: Just finished.

Laundry: Full commercial on site – not used, all lined hired

Restaurant: N/A – breakfast and room service.

Services: Room service, fire rated, in-ground pool, new PABX, reverse cycle air-conditioning.

Turnover: $297,194 2005/2006 - $179,616 2006/2007 – not full year.

Occupancy: 55% 2005/2006

Comment: Motel with huge potential to improve. Busy rural centre in mid-west. Property is currently fully managed.