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- 18 Oct 2016
MOTEL FOR SALE- REGIONAL CITY CORP MOTOR INN
Description: Regional city corporate Motor Inn on large 3.5Ha of landscaped grounds. Full convention facilities. Very well presented. Major educational centre. Strong growth potential.
AAA Rating: 4 star
Construction: Single level brick and timber construction with tile and corrugated iron roof and timber and brick partitions. Excellent condition for its age and well maintained. Variation of unit and bathroom sizes. All units refurbished with very good quality appointments.
Residence: 2 bedroom with 1 built-in, open plan living with private kitchen, private yard, and garage. Part of the original historic homestead. Suit couple or small family.
Age: Built 1860 - 1980 approx.
Clientele: Corporate reps, trade workers, passing trade, tourists, country visitors.
Land Area: 3.57 Ha approx.
Tariffs: Single $139 - $179; Double $145 - $209; Extra Person $25 - $30
Chain Affiliation: Yes
Laundry: Full commercial equipment. All hired.
Restaurant: Yes - 120 seat + 2 conference rooms. Licensed bar.
Services: Room service, DD Phones, reverse cycle air-conditioning, BBQ, tennis court, volleyball court, microwaves in some units, fire rated.
Turnover: 2013/2014 $357,793 (5 months July to November 2013)
Occupancy: 70% approx.
Comment: Magnificent rural estate style motel with large conference and wedding trade. Large area available for expansion - New England city.
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1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information