Motel In Prime Gold Coast Location For Sale

Business description

Description: Prime Gold Coast location. Close to beach & airport. Fully restored property. All renovations done in the last 12 months. Long term high-rise development site.

AAA Rating: 3½ star standard

Construction: Timber with corrugated iron roof and masonite partitions. Units medium in size with new bathrooms. Very tasteful appointments, spotlessly maintained.

Residence: 2 bedroom with built-ins, kitchen, private yard, carport, open plan living, lounge/dining area, bathroom. Fully renovated and well appointed – joins reception.

Age: Built 1960; Restored 2010

Clientele: Airport tourist trade, passing trade, workers.

Land Area: 673sqm

Tariffs: Single $90- $125; Double $105- $145; Family (4) $140 - $220; Extra Person $25

Chain Affiliation: Yes - Golden Chain

Lease: No

Laundry: Domestic on site. All linen hired.

Restaurant: No

Services: Continental breakfast, microwaves, 6 undercover car spaces, BBQ, fire rated, air-conditioning.

Turnover: $140,000 2009/2010. Motel not fully operational until December 2009. $234,452 2010/2011. Income is still increasing in the 2012 year.

Comment: Fully renovated B&B motel opposite Coolangatta/Gold Coast airport and 100m to beach and restaurants and club. Trade now and develop in the future.

Property information

Real Estate:

Real Property Included