Motel & Apartments In Popular NSW Location For Sale

Business description

Description: 11 x 2 bedroom apartments plus 14 motel suites with approval to convert into 8 apartments. There is also land for a further 16 x 2 bedroom apartments to be developed at the front of the property.

AAA Rating: Apartments 4 star standard; motel units 3 - 3½ star

Construction: Brick with colorbond & tile roof with concrete slab floors and brick wall partitions. Apartments are very large and can be strata titled. Motel sections are normal size – 30sqm approx. Would need refurbishing.

Residence:2 bedroom unit at the rear of the restaurant and office building. This area can also be converted into 3 x 2 bedroom apartments.

Age: Apartments are new, motel section 30 years plus approx.

Clientele: Local workers on long term stays, reps, tourists, sporting people, group bus.

Land Area: 1.399ha

Tariffs: Apartments $200 - $350; Motel $90 - $160; Extra Person $20.

Chain Affiliation: No

Lease: No

Laundry: All apartments have their own laundry. Linen all hired.

Restaurant: On-site fully licenced – adjoins reception. Currently not used. Seats 100.

Services: Self-contained apartments, licensed restaurant (not used), lock-up garages, guest laundry, fire rated, close to town centre.

Turnover: TBA

Occupancy Half of the property is new apartments and has just been completed.

Comment: This property has the ability to be an outstanding complex when completed. It would have 36 fully self-contained apartments plus owners accommodation and would be the best in the area. Strong tourist, corporate and worker trade guarantees a profitable future in an easy to run business.

Property information

Real Estate:

Real Property Included