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- 18 Oct 2016
MOTEL FOR SALE- MAJOR HUNTER VALLEY CENTRE
Description: Rarely available. Prosperous country centre in town centre location. Close to pub and fast food outlets. Very high worker trade and rep trade. Strong year round occupancy. Figures stow growth every year. Real money maker and under 3 hours from Sydney.
AAA Rating: 3 - 3.5 star self-rated
Construction: Part two storey brick building with cliplock roof and brick wall partitions. 49 small to medium standard & budgets units including 3 family suites – new flat screen TV’s. Good condition for its age.
Residence: 2 bedroom with built-ins, lounge, bathroom, toilet, small kitchen. Small manager’s residence – suit couple.
Age: 50 years approx.
Clientele: Local workers (mines, roads and rail), reps, passing trade, weekend tourist market. Trade strong year round.
Land Area: 4,000sqm approx.
Tariffs: Single $92 - $112; Double $102 - $122; Family (4) $160; Extra Person $12
Chain Affiliation: No
Laundry: Full commercial equipment. All linen owned and done onsite. Guest Laundry: Yes; coin operated.
Restaurant: 80+ seat licensed wine bar/cafe
Services: Room service, reverse cycle air-conditioning, BBQ, pool.
Turnover: 14/15 $1,024,947 - 13/14 $1,117,895 - 12/13 $1,274,609 - 11/12 $1,368,837 - 10/11 $1,375,755
Comment: Budget style motel in a major Hunter Valley centre close to vineyards, wineries and horse studs. This property has always been very busy and has consistently had a high occupancy rate.
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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