Motel In New South Wales For Sale

Business description

Description: Regional city on the Mid-Coast of NSW. Very well presented and maintained building. Located a short walk to patrolled beach. Not a cent to spend.

AAA Rating: 3½ star

Construction: Three storey brick and slab construction with clip-lock roof and brick wall partitions. Medium to large units with good quality appointments. Well maintained. Most units have private balconies.

Residence: 2 bedroom with built-ins, lounge, dining, new bathroom, new kitchen and double lock-up garage plus car port. Spacious apartment; ideal for couple or small family. Ground floor.

Age: 25 years approx.

Clientele: Reps, tourists, local workers.

Land Area: 2,000 approx.

Tariffs: Single/Double $95 - $145; Family (4) $125 - $165; Extra Person $15

Chain Affiliation: No

Lease: No

Laundry: Full commercial. Linen hired. Guest Laundry: Yes

Restaurant: No – short walk to bowling club. Breakfast room.

Services: Room service, breakfast room, guest laundry, pool, BBQ, fire rated, wireless internet.

Turnover: $377,070 2010/2011; $430,113 2009/2010.

Occupancy: 46% approx.

Comment: Motel of high standard in major Mid-North Coast city. New to market. 2010/2011 trading down due to disastrous floods along the East Coast during the peak holiday period.

Property information

Real Estate:

Real Property Included