Quality Location In A Major Regional Centre For Sale

Business description

Location: Riverina
Asking Price: $400,000
Beautifully presented 3.5 star AAA rated leasehold motor inn prominently located at the entrance to Australia’s largest inland city. An easily run leasehold business offers 19 comfortable family, twin, double, single rooms and self contained units on a generous 3,248 sqm (approx) parcel of land. It is near to tourist and shopping precincts with restaurants, hospitals, pubs, clubs, sporting facilities and local attractions. It is offered for sale with a new 25 year lease. This motor inn is a great earner and a real opportunity exists to improve on what is already on offer.

Turnover: $402,400 (FY11)

Construction: Single storey brick with colourbond roof

Land Area: 3,248 sqm (approx)

Rating: 3.5 Stars AAA

Age: Early 1980’s

Number of rooms: 19.

Room Facilities: Large, beautifully presented ground floor rooms of varying configuration comprising of family, twin and double rooms, plus a 2 bedroom self contained unit. Facilities include ensuite, fridge, digital TV, reverse cycle air conditioning, tea/coffee facilities, Austar and cable internet.

Motel facilities: Swimming pool, Austar, off street parking, free cable broadband, complimentary DVD and video library, BBQ & undercover entertainment area, continental or cooked breakfast and dinner to rooms, guest laundry, non smoking rooms,

Restaurant: Licensed, 40 seats - not currently operating.

Residence: Two to choose from. One separate to the motor inn itself, three bedrooms, one bathroom, separate lounge and dining rooms, kitchen, laundry, office, carport and garage. The onsite residence comprises two bedrooms, one bathroom, combined lounge/dining room, kitchen and office. It adjoins the reception and in close proximity to the motor inn.

Clientele: Plenty of repeat business from general and business travelers, truck drivers, motoring groups and defense families.

Rent: $103,436 p.a. (FY 2011)

Lease term remaining: New 25 years