Strong Performer Motel In Busy Seaside Location For Sale

Business description

Location: Far South Coast
Asking Price: $695,000
Top quality 3.5 star chain affiliated Leasehold Motel only a short walk to centre of tourist haven. Accommodation comprises a combination of 26 comfortable rooms including four spacious two bedroom self contained suites. Facilities include sparkling outdoor pool, sundeck, business centre and well appointed two bedroom residence. It is close to tourist precincts, beaches and local attractions with filtered lake views. It is offered for sale with a new lease to be negotiated on settlement. This motel is a strong income producer with further upside potential. Inspection will impress!

Turnover: $545,081 (FY11)

Construction: Brick and tile

AAA Rating: 3.5 star accommodation Age: 1990

Number of rooms: Total of 26 rooms, 22 rooms with queen & king single beds, 2 X two bedroom self contained suites and 2 X two bedroom self contained family rooms.

Room Facilities: All rooms have satellite TV, coffee/tea, wireless internet, kitchenette, air-conditioning, iron & board. Two bedroom suites and family rooms have lounge areas.

Motel facilities: Airport shuttle service, fitness centre, high speed internet, seasonal outdoor pool and hot tub, guest laundry, restaurant, sun deck, hotel safe and continental breakfast. Additional services include babysitting, massage therapist and room service. A business centre with meeting space, copy and fax service and secretarial services.

Restaurant: The well appointed restaurant is licensed, has seating for up to 56 guests and caters for coach groups and breakfasts only. The restaurant kitchen is well equipped and of commercial quality.

Residence: The modern and well presented residence includes 2 Bedrooms with built-in robes, 1 Bathroom, kitchen, lounge and dining rooms. It adjoins motel and is in close proximity to the reception.

Clientele: Mainly business representatives, functions, coaches and general tourism. The business enjoys considerable repeat business.

Rent: $156,000 p.a. + outgoings

Lease: New 25 year lease to be granted on settlement