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- 18 Oct 2016
MOTEL FOR SALE- ATTRACTIVE CITY CENTRE B&B
Description: Main street location in prosperous North Coast service city. This property & B&B. Double brick construction and has recently had considerable upgrading refurbishment work done. Very consistent year round trader.
AAA Rating: 3.5 star
Construction: 13 units + flat. Single storey brick with cliplock roof and brick wall partitions. Variation of unit sizes with good appointments - bathrooms have all new vanities
Age: Built 1971 - 1973 approx.
Residence: 3 bedroom with built-ins, lounge, dining, bath/toilet, linen room, private yard. Good family residence with spacious back yard – joins reception.
Clientele: Reps, trade workers, tourists, interstate travellers, local workers, passing trade, short break stays.
Land Area: 2,300sqm approx.
Tariffs: Single $75 - $110; D0uble $85 - $135; Family (4) $115 - $175; Extra Person $15. Flat: Self-contained upstairs with a rate of $135 - $220 (4).
Chain Affiliation: No
Laundry: Domestic in residence. All linen hired.
Services: Room service breakfast, 8 units reverse cycle – 6 cool only with heater, gas BBQ, fire rated.
Turnover: 15/16 $335K est.(Added back net $222,618 est) 14/15 $280,000 Est - 13/14 $244,622 net GST
Occupancy 55% estimate
Comment: Present owners have done a lot of upgrading work – including beds, carpets, bedspreads, televisions etc. Busy motel, handy to club and town centre – very consistent trader.
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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