Motel In Northern NSW For Sale

Business description

Description: Northern NSW capital city Motor Inn with strong corporate trade.

AAA Rating: 4 star

Construction: Split level brick with tile and colorbond roof, and brick wall partitions. 20 medium sized units in very good condition, some with extra power outlets for computer access. Building in excellent condition and presentation.

Residence: 3 bedroom with built-ins, 1 with ensuite. Lounge, dining, bathroom, private kitchen and lock-up garage. Excellent modern residence above reception and restaurant. Built for convenience and comfort.

Age: Built 1997

Clientele: Corporate and worker trade, passing trade, tourists.

Land Area: ¾ acre approx.

Tariffs: Single/Double $125 - $200; Extra Person $15

Chain Affiliation: N/A

Lease: Expired May 2032. Rent $17,196.90 per month including GST.

Laundry: All linen hired. Guest laundry available.

Restaurant: 40 seat licenced restaurant with bar.

Services: Reverse cycle air-conditioners (all new), room service, DD phones, gas BBQ, microwaves in all units, in-ground pool, full commercial kitchen, undercover parking, fire rated.

Turnover: 2010/2011 $748,568 (11 months) - 2009/2010 $820,876 - 2008/2009 $833,587

Occupancy 75% plus approx.

Comment: Motor Inn of exceptional standard with excellent modern residence. Strong Corporate Trade - Capital City of Northern NSW.

Property information

Real Estate:

Lease

Location:

Northern NSW