Motel Strong Mining & Govt Trade In NSW For Sale

Business description

Description: 2 hours from Sydney. Strong mining and government trade. High occupancy year round. Built on acreage. Plenty of room for improvement. Ideal family business.

AAA Rating: 3½ star

Construction: Single level brick and tile construction with concrete slab foundations and brick wall partitions. Rooms are large in size, new carpet in most units with exposed brick walls. Well maintained and presented.

Residence: 2 bedroom with built-ins, lounge, dining, bathroom, share kitchen and lockup garage. Comfortable, next to reception. Can incorporate adjoining unit if three bedrooms is required.

Age: Built in stages – 1980 – 1985 – 1991

Clientele: Government staff, local maintenance workers, mining, legal staff, tourists and passing trade.

Land Area: 4 acres approx.

Tariffs: Single $99 - $110; Double $130; Family (4) $150; Extra Person $20.

Chain Affiliation: N/A

Lease: 16 years remaining. Rent $14,777 per month. $177,324p.a. inclusive of GST.

Laundry: Commercial laundry on-site. Linen currently all hired.

Restaurant: Yes – bistro style. Licensed bar area.

Services: Room service, DD phone, licensed bar area, fire rated.

Turnover: $1,034,522 2009/2010; $858,100 2008/2009.

Occupancy 70% approx. 2009/2010

Comment: Very busy corporate and workers motel. Plenty of room for cars, trucks and all equipment. Strong trade from mines, power stations, and gaol. Turnover increasing. This property has a great future and has the ability to increase its trade strongly.

Property information

Real Estate:

Lease