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- 18 Oct 2016
MOTEL FOR SALE- TOWN CENTRE MOTEL
Description: Quality compact B&B motel. Delightful inspection. Very busy year round. Easy operation for couple to operate. Good mix of trade.
AAA Rating: 3 star
Construction: 10 units. Single level double brick & tile with brick wall partitions. Medium sized units & bathrooms. Excellent appointments and paintwork. Present owners have done a lot of upgrading work. Very solid buildings.
Residence: 3 bedroom, 2 with built-ins, private kitchen, large living & dining areas and bathroom. Good roomy residence. Above reception. No garage.
Age: Built 1982 approx.
Clientele: Reps & workers/trades, passing trade, tourists.
Land Area: 1/2 acreapprox.
Tariffs: Single $85 - $90; Double $95; Twin $110; Family (4) $135; Extra person $15
Chain Affiliation: Yes
Laundry: Domestic heavy duty. Sheets hired. Balance owned and done on site.
Restaurant: No. Restaurants within walking distance.
Services: Room service breakfast, microwaves (5), undercover parking (8), split air-conditioning, room phones, Austar, fire rated.
Turnover: 15/16 $240K WITH ADDED BACK NET $200K (APPROX) - 14/15 $220,000 - 10/11 $198,456
Comment: Spotlessly kept town centre motel within 45 mins to beaches. Easy strol to club & restaurants. Owners wish to retire.
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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