Motel Large Corporate Motor Inn In NSW For Sale

Business description

LARGE CORPORATE MOTOR INN

Description: Large corporate Motor Inn in major regional central-western NSW city. Well presented with landscaped grounds. Main street location.

AAA Rating: 3½ star standard

Construction: Brick construction with concrete slab foundations, brick wall partitions, mix of iron & tile roof. Excellent solid construction and good paint work. Large variation of unit sizes and configurations with good quality appointments.

Residence: 3 bedroom with built-ins, lounge dining, bathroom, private kitchen, car port, no private yard. Good size family residence – joins reception.

Age: 1975 - 1986

Clientele: Corporate, tourist, passing trade.

Land Area: 1 acre plus

Tariffs: Single $90 - $105; Double $95 - $110; Family $145 - $160; Extra Person $15

Chain Affiliation: N/A

Lease: Expired 2034 Rent: $240,466

Laundry: Full commercial. All linen on-site. 2½ changes.

Restaurant: Yes. Cocktail Bar.

Services: Room services, convention facilities (200 people), pool, BBQ, fire rated, wireless broadband.

Turnover: $871,422 T/O net GST.

Occupancy: 54% approx.

Comment: A large motel doing big corporate trade – busy central west city. Very good family residence.

Landlord offering 60% finance at current home loan rates, aprox 6.5%. to right purchaser.
Landlord frozen rent for 2 years.
Landlord is spending aprox 10% of rent income back into the property.
11 bathrooms already gutted and redone with another 11 to be started shortly.

Property information

Real Estate:

Lease