Motel Regional City Motel On Acreage In NSW For Sale

Business description

Description: Regional city motel on acreage. Excellent corporate facilities. Long term lease in very popular area. All single level with easy access.

AAA Rating: 3 ½ star

Construction: All single level brick & tile with concrete slab foundations and brick wall partitions. Medium size units and bathrooms. Very high quality appointments. Spotless presentation and well maintained.

Residence: 3 bedroom, 2 with built-ins, own kitchen, lounge, dining, bathroom, carport and private yard with shed. Large family residence with evaporative gas cooling and gas heater. Joins reception.

Age: Built 1980

Clientele: Reps, grounds, tourists, passing trade, local functions, workers.

Land Area: 15 acres approx.

Tariffs: Single $90 - $250; Double $98 - $250; Family (4) $140 - $250;

Chain Affiliation: Yes

Lease: 27 years remaining. Rent $11,000 per month. $132,000p.a. inclusive.

Laundry: Small domestic laundry. Linen all hired. Guest laundry: Yes.

Restaurant: 90 seat licensed restaurant. Cocktail bar.

Services: Room service, pool, BBQ, ½ tennis court, covered spa, function room, microwaves, fire rated, guest laundry.

Turnover: $570,000 2010/2011. Net $150,000 2010/2011.

Occupancy: Unknown

Comment: Corporate motel on large landscaped grounds with separate restaurant and function rooms not leased out.

Property information

Real Estate:

Lease