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Listing ID: 3247451

MOTEL – PRIME LOCATION - QUALITY INSPECTION For Sale

NSW, Australia

AU$ 3,995,000

Revenue: not disclosed

Cash Flow: not disclosed

Business Description

Description: Very well maintained and presented motel in one of NSWs best accommodation regional centres. Enjoys prime location overlooking park and sports field while being close to the city and walk to all amenities.

Star Standard: 3.5 Star

Construction: 28 motel units and 5 apartments. Single level brick and hardiplank construction with cliplock roof and brick and gyprock partitions.

Interior: Medium size rooms with small bathrooms. Quality clean fitout. Quality bedding. Excellent paintwork and carpets. No work required.

Age: Built 1960-1970

Clientele: Corporate and Trade Workers, Weekend Leisure

Site Area: Motel: 3,600m2; Apartments: 1,000m2

Tariffs: Single $95; Double $110; Family (4) $145; Extra Person $15

Chain Affiliation: Budget

Laundry: Commercial - 1 Washer & 1 Dryer - 2.5 changes of linen 'as new' - sheets hired - balance on site

Restaurant: No - 30 Seat Breakfast Room

Services: Room service breakfast, air-conditioning, microwave ovens in all motel units, apartments have full kitchens, BBQ in garden setting, Wifi, allocated parking - some undercover, fire rated.

Lease: N/A

Turnover: 18/19 $890,563 - 5 Year Average $891,466

Residence: 1 bedrooms with built-in wardrobe. Lounge, bathroom, share motel kitchen, small yard

Comment: Very well maintained property with strong repeat trade. Services the trade workers in the area and offers quality accommodation at a reasonable tariff. Property has traded at over 90% occupancy for first 7 months of 2019/20 financial year.

MQ Property ID:
5294290


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