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- 18 Oct 2016
MOTEL FOR SALE- MAJOR HIGHWAY EXPOSURE
Description: Modern colonial style motel on busy western highway. Strong trade from both rural and mining business. Very solid construction. Will respond well to good owner operators.
AAA Rating: 3½ star
Construction: Single level brick and tile with concrete slab foundations, brick wall partitions and internal brock walls.
Generous size units. Well appointed. 1 x 2 bedroom suite.
Residence: 3 bedroom, with ensuite, all with built-ins, lounge/dining, bathroom, private kitchen, yard and carport. Excellent large family residence above reception and restaurant.
Age: Built in 1980 approx.
Clientele: Rural workers, mining workers, passing trade and tourists.
Land Area: 1 acre approx.
Tariffs: Single $90; Double $100; Family (4) $120 - $150; Extra Person $15
Chain Affiliation: No
Laundry: Commercial - all linen done onsite. Guest Laundry: Yes.
Restaurant: 50 seat plus bar area.
Services: Room services, in-ground pool, gas BBQ, split air-conditioning, parking at the front of units, fire rated.
Turnover: 14/15 $361,869 - 13/14 $387,170 - 12/13 $410,523 - 11/12 $294,141 net GST
Occupancy: 65% - 68% approx.
Comment: Solidly built motel, great street appeal, wonderful opportunity for a full time owner/operator. Incredibly busy with regular repeat trade. Major Highway exposure, strong Central West Town. NOTE: The Motel restaurant until recently was leased out - now owner operated.
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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