Motel & Motor Inn In Cronulla For Sale

Business description

Description: Sydney suburban coastal motel. Prime main street location. Short walk to popular surf & swim beach plus shops and restaurants. Only motel style accommodation in the area. High quality inspection.

AAA Rating: 3 ½ star

Construction: Mostly two storey with 3 storey frontage. Concrete slab foundation and new colorbond roof with power cells installed. Rooms are medium to large in size. Good mix of queen and family rooms. All units have been repainted and have new carpet & flat-screen TV’s. Air conditioning fitted.

Residence: 2 bedroom, main with ensuite, second bathroom, large lounge dining room, private kitchen plus back office. Adjoins reception. Has separate entrance if required.

Age: 40 years approx.

Clientele: Strong rep, worker trade, sporting people on weekends, tourists and local businesses.

Land Area: 2235sqm approx.

Tariffs: Single $140; Double $160; Apartment $260 - $295; Extra Person $20.

Chain Affiliation: No affiliation

Lease: No

Laundry: Full commercial laundry on-site. New washer & dryer. 2½ changes of linen. All done on-site. Guest laundry.

Restaurant: No restaurant. 400m to Cronulla shopping centre where there are several restaurants.

Services: Breakfast room service, pool, guest laundry, wifi, cable TV, spa units (2), cooking facilities (3), fire rated, solar power.

Turnover: $861,772. Net $541,476 adjusted.

Occupancy 67% approx.

Comment: This property has been refurbished throughout, repainted inside and out and a new roof. Positioned approximately 400m from Cronulla shopping area and 500m from the beautiful Cronulla Beach (patrolled). The property has a lapsed DA for 17 town houses on the site. Very strong motel business in prime location with long term development potential.

Property information

Real Estate:

Real Property Included