The Peter Allen Motor Inn In Tenterfield For Sale

Business description

Top Quality Motor Inn - North-West NSW For Sale

Leasehold

Description: Single level B&B motel on the main street of Tenterfield. CBD location. Strong year round corp and passing trade. Very easy business to run. Currently managed.

AAA Rating: 3½ star

Construction: Single level brick & tile with concrete foundations and brick wall partitions. Good variation of room sizes including 2x 2BR family suites. The property is generally in very good order. Roof reconditioned and new paintwork. All net flat screen TV's in all units.

Residence: 3 bedroom, 2 with built-ins. Large lounge/dining area, new bathroom, share motel kitchen. Roomy convenient residence – joins reception. Great presentation.

Age: Built 1983

Clientele: Corporate rep trade, local workers, passing trade, tourists.

Land Area: 2391sqm approx.

Tariffs: Single $75; Double $90; Family (4-5) $130; Extra person $10

Chain Affiliation: Golden Chain

Lease: New 30 year term.

Rent $75,000 with CPI increases.

Laundry: Heavy duty equipment. Sheets sent out. Balance done onsite.

Restaurant: N/A

Services: Room service breakfast, microwaves available, reverse cycle air conditioning, undercover parking, BBQ, fire rated.

Turnover: $260,000 2010/2011

Occupancy: 50% approx.

Comment: Town centre motel in strong New England rural town. Good presentation and condition. Steady trade with room to improve. Best location. Ideal investment.

Property information

Real Estate:

Real Property Included