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- 20 Oct 2016
MOTEL FOR SALE – FULLY REFURBISHED B&B MOTEL
Description: Positioned on the Victorian, South Australian and NSW borders, this high quality B&B motel has just been fully refurbished after being leased for many years. The owner has done an amazing job to offer this 20 unit property to the market in the best possible condition. Ideal for owner operator who wishes to sell off the business in future.
Rating: 3.5 star self-rated.
Construction: 20 units. Two storey brick construction with tile roof and brick wall partitions. Totally refurbished to high standard 2013 – good medium to large units. Solid brick & tile – excellent condition including paint & signage.
Residence: 2 bedroom, 1 with built-ins, open plan lounge/dining, bath/toilet. Well planned modern Residence – joins Reception.
Clientele: Contract workers, reps, tourists, passing interstate travellers.
Land Area: 2000sqm approx.
Tariffs: Single/Double $110 - $120; Family $140; Extra Person $10
Chain Affiliation: No
Laundry: Domestic equipment. All linen owned but sent out. 2 plus changes in excellent condition.
Services: Room service continental breakfast room, reverse cycle air conditioning, gas BBQ, in-ground salt pool (new equipment), fire rated.
Turnover: 15/16 $193,964 - 14/15 $140,282 (part yr)
Occupancy: 30% approx.
Comment: As new modern style motel, delightful location. Trade still recovering following closure for complete refurbishment job – very “Easy to Operate” motel.
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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