Description: Large corporate Motor Inn in regional growth city. This property has just undergone major refurbishment and is now set to trade strongly into the future. Business has been family operated for the last 2 years and offers incoming tenants an outstanding opportunity to acquire a large Motor Inn with a 28 year lease at a very realistic price with very reasonable rental.
Star Standard: 3.5 star
Construction: 60 units. Two storey brick construction with cliplock roof and brick wall partitions. Medium to large units, all with modern amenities including 2 spa units, near new condition.
Residence: Two bedroom with built-ins, lounge, dining, bath / toilet, private yard, garage.
Age: Built 1965 1980 1998 approx.
Clientele: Corporate reps, local workers, tourists, passing trade, interstate travel, sporting groups, bus trade.
Land Area: 5,000sqm approx.
Tariffs: Single $105 - $145; Double $105 - $145; Family (4) $159 - $190; Extra person $15. Extra tariffs for special Events.
ADR for total occupied rooms $110.70.
Chain Affiliation: Yes
Laundry: Full commercial. Guest Laundry available.
Restaurant: Yes in garden setting. Licensed Bar
Services: Room service, minibars, conference facilities, inground pool, reverse cycle air-conditioning.
Turnover: $1,752,901 - 12 Months Ended 31.01.2019$1,747,208 - 12 Months Ended 31.05.2018
Comment: Very well-known Corporate Motel with excellent Restaurant. This Motel, whilst well run, would respond well to new management. There has been very limited marketing done outside the Chain Group Highly Recommended.
MQ Property ID:
2422737
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