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NSW
Sold on 29 Apr 2021

NSW

  • Hotel, Motel, Pub & Leisure
  • 1 m²
  • Sold

2 MOTELS FOR SALE - POPULAR REGIONAL CENTRE

    Strong regional centre. Two motels to be sold in one line

    Star Standard: 3 star

    Construction:

    15 Unit, partly two storey, concrete block construction with cliplock iron roof and rendered brick partitions - all units refurbished

    23 Unit, two storey, brick and tile construction with cliplock iron roof - all units refurbished

    Age of Building: 1960s / 70s

    Land Area: Approx. 1,347m2 and 1,284m2

    Tariffs: Single From $90; Double From $105; Family (4) From $124; Extra Person $20-$25

    Turnover: 2018/19 $756,039; 2017/18 $604,262

    Chain Affiliation: No

    Laundry: Commercial on Site. Sheets sent out - balance laundered at motel.

    Breakfast Room: Breakfast Room to service both properties. No room service

    Services: Microwave Ovens available, BBQ Area, Wifi, Fully renovated rooms, on-site parking, fire rated

    Occupancy: 60%

    Clientele: Corporate, Trade Workers, Weekend Sporting Groups, Tourism

    Residence: 2x residences - new owner could use only one and the other could be let as a self-contained apartment.

    Comment: Older style motels but stunning presentation. Rooms have been very well furnished. Very comfortable with great value for money. Trade is growing strongly.

    MQ Property ID:
    4996127

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    Property Highlights

    Date Sold29 Apr 2021
    Floor Area1 m²
    Land Area2,631 m²
    ParkingOn site parking available
    Building TypeWhole building
    Property ID2015519548
    Category
    Last updated  5 May 2021
    Map for NSW

    Property Highlights

    Date Sold29 Apr 2021
    Floor Area1 m²
    Land Area2,631 m²
    ParkingOn site parking available
    Building TypeWhole building
    Property ID2015519548
    Category
    Last updated  5 May 2021

    Listed by

    Ray Larkin
    Manenti Quinlan & Associates
    Call
    0407 220 116

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