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- 18 Oct 2016
MOTEL FOR SALE- SOUTH COAST HWY LOCATION
Description: Single level brick motel on South Coast highway. B&B only with outstanding landscaped gardens. Very well maintained. Current owners have used it as a semi-retirement. Close to major tourist centre. First time offered in many years. Very quiet and comfortable.
AAA Rating: 3.5 star
Construction: Single level double brick and tile with brick wall partitions. Very sound and in excellent condition. Spacious, well-appointed units, spotlessly maintained. New paintwork.
Residence: 3 bedroom, 2 with built-ins, lounge/dining, bathroom, two toilets, share kitchen, private yard. Excellent ground level family residence. Joins reception.
Age: Built 1983 approx.
Clientele: Local workers, passing trade, limited rep trade, seniors.
Land Area: 2,050sqm approx.
Tariffs: Single $85 - $140; Double $99 - $155; Family (4) $127 - $183. Extra Person $14
Chain Affiliation: No
Laundry: Full commercial equipment. All owned and done onsite.
Services: Room service breakfast, internet access, air-conditioning, microwaves in units, in-ground salt pool with spa, BBQ, parking at front of units, Austar, fire rated.
Turnover: 2012/2013 $118,600; 2011/2012 $120,574; 2010/2011 $158,041
Occupancy: 40% approx.
Comment: Delightful B&B motel in pristine South Coast village, close to restaurants, golf club and beach. A wonderful place to call home with a good income.
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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