Leasehold Motel For Sale– New England Hwy Position
Description: Fantastic New England Highway position. Only decent accommodation in an area with major commercial growth under development. All ground floor units on large land area. B&B only with restaurant next door.
AAA Rating: 3.5 star
Construction: 20 units. Single storey double brick with brick wall partitions and cliplock iron roof. 15 units good medium size, 5 large units, small bathrooms. All units very clean and well appointed. Current owners have been refurbishing – beds, fridges, microwaves, chairs & tables, flat screen televisions.
Residence: 5 bedroom , 3 with build-ins, 2 lounge rooms, dining, 2 bath/toilet, laundry & office, private yard. Very large 2 storey, well set out & convenient family residence.
Age: Built 1977 - 1983 approx.
Clientele: Local worker and rep trade, visiting tradies, passing interstate travellers.
Land Area: 6,490sqm approx.
Tariffs: Single $90; Double $100 - $120; Twin: $120; Family (4) $120
Chain Affiliation: No
Laundry: Heavy duty in residence. All linen owned and done onsite. 2 plus changes in very good to new condition.
Restaurant: No. Next door.
Services: Room service, split air-conditioning, microwaves in rooms, undercover parking, Gas BBQ, fire rated.
Lease:: Yes - New 30 years. Rent $72,000 + GST
Turnover: 2016/2017 $249,555
Comment: Well-kept Country Motel, New England Hwy frontage, but very quiet units. Outstanding family residence. Excellent modern licensed restaurant next door.
MQ Property ID:
3912675
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