Superb Investment Motel In Popular Seaside Town For Sale

Business description

Location: Far South Coast
Asking Price: $900,000
An opportunity exists to purchase this well appointed 3.5 stars Investment Motel set amongst a beautiful garden setting offering 16 very comfortable motel rooms on a generous 5,457 sqm of land. It is a 17 year old motel offering 16 very comfortable motel rooms, residence, indoor pool, dining area, reception, plus detached garage/laundry. The property is very well maintained inside and out and is well located on the fringe of a popular tourist township. Potential exists to extend the motel complex should demand warrant.

$200,000 VENDOR FINANCE AVAILABLE

Construction: Brick and tile

AAA Rating: 3.5 star Land Area: 5,470 sqm

Number of rooms: 16 motel style Age: 1987

Room Facilities: Queen & single beds, kitchenette, ensuite, microwave, mini fridge, sink, tea/coffee, wireless internet, TV’s, ceiling fan, covered verandah & heating. Disabled facilities provided in some rooms. Eight interconnecting family rooms sleep up to six people.

Motel facilities: Solar heated indoor pool, spacious gardens and BBQ area, guest laundry facilities, car washing facilities, conference venue, courtesy drop off and pick up service, competitive accommodation packages for seniors, family, sporting groups & conferences, breakfast to rooms

Restaurant: Restaurant /dining room has 32 seats and mainly for breakfast. Dinner is provided by pre-order.

Residence: 3 Bedrooms, 1.5 Bathroom, kitchen, lounge and dining rooms, private sun deck and reverse cycle air-conditioning.

Clientele: Plenty of repeat business from seniors groups, general and business travelers.

Rent: $63,000 p.a.

Lease: Commenced November 2010 for 20 year term