Motel For Sale- Corp & Mining Area
Description: Large double brick & tile in highly sought-after corporate and mining area. Prime highway location close to fast food outlets. Strong year round trade with potential for further growth. First time offered in over 20 years. Outstanding opportunity.
AAA Rating: 3.5 star
Construction: Two storey brick & tile with Colorbond roof and brick wall partitions. Very solid with no movement. Large well appointed units. All new flat screen TVs – quality fit-out.
Residence: 1 bedroom with built-in, lounge/dining, bathroom and own kitchen. Small and convenient, above reception.
Age: Built 1984 approx.
Clientele: Corporate and rep travellers, local industrial workers, coach groups, convention and meeting trade, tourists and passing trade.
Land Area: 6,500sqm approx.
Tariffs: Single/Double $125 - $165; Family $155 - $195; Extra Person $15
Chain Affiliation: No
Lease: New 30 year lease. Rent $500,000pa plus GST.
Laundry: Full commercial. All linen owned and done onsite. Coin operated guest laundry.
Restaurant: 120 seat with licensed cocktail bar.
Services: Room service, reverse cycle air-conditioning, gas BBQ, in-ground pool, fire rated, 120 parking spaces.
Turnover: 2017/2018 $1,121,185
Comment: Largest motel in busy Hunter Valley Centre - huge corporate trade. Owner operators 24 years wish to retire.
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