Refurbished Freehold Motel Strong Performer For Sale

Business description

Location: Capital Region
Asking Price: $3,330,000
This freehold motel is recently refurbished, 3.5 star self rated, conveniently located close to the nation’s capital and minutes from Canberra Airport. A very sound freehold business offers 28 comfortable standard double, twin, deluxe and family rooms with all facilities on a generous 2,215 sqm (approx) parcel of land. It is close to busy tourist and shopping precincts as well as business and commercial districts. This property is a very strong income producer and an ideal opportunity for a smart operator. It has further development or redevelopment potential.

Turnover: $596,376 (FY11)

Construction: One and two storey, brick with colourbond roof

Land Area: 2,215 sqm (approx)

Rating: 3.5 star self rated

Age: 1978

Number of rooms: 28

Room Facilities: Standard Double, Twin, Deluxe and Family rooms. Facilities include fully equipped ensuite bathrooms, reverse cycle air-conditioning, LCD TV with Foxtel, free in-room broadband, toaster, tea and coffee facilities. Twin, Deluxe and Family rooms have kitchenettes and microwaves.

Motel facilities: All rooms non smoking, licensed restaurant, guest laundry, wireless internet, internet kiosk, IT support, off street parking, close proximity to town centre.

Restaurant: Yes, licensed for 50.

Residence: The well presented, newly painted residence includes 2 Bedrooms with built-in robes, 1 bathroom, lounge/dining room, kitchen and laundry shared with motel. It adjoins the motel and is in close proximity to the reception.

Clientele: Repeat business from general and business travelers, tradesmen, defense/government workers, pensioners, groups and holiday makers from all over.