Motel For Sale - Best Location
Description: Budget style property on New England Highway in town centre location. B&B only. Adjacent to restaurants. Great little buy.
Star Standard: 3 star.
Construction: Brick single level. Mostly iron roof, residence has tile roof. Brick partitions. Good variation of unit sizes from small to large with medium size bathrooms. Construction very sound. Paint work good.
Residence: 3 bedroom with built-ins, share kitchen, lounge/dining, 2 bathrooms, private yard plus garage. Good family residence. Suitable for larger family - joins and above reception.
Age: Built 1966
Clientele: Local workers, reps, passing trade, tourists.
Land Area: 2600sqm approx.
Tariffs: Single $85- $110; Double $95- $120; Family (4) $130 - $135; Extra person $10
Chain Affiliation: No
Lease: No
Laundry: Heavy duty equipment, sheets hired - remainder owned. Done onsite - good condition.
Restaurant: No - good restaurant next door to property.
Services: Room service breakfast only, BBQ, cooking facilities (one unit), fire rated, air conditioning.
Turnover: 2016/2017 $261,420 1st July 16 to 7th June 2017. 2015/2016 $217,185
Occupancy: 60% approx.
Comment: Town centre location. Best position in town. Easy operation. 100m to pubs & town centre, seafood restaurant next door. Ideal starter in the motel industry. Strong growth town.
MQ Property:
844774
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