Accommodation & Tourism business for sale in NSW
- Accommodation & Tourism
- $5,500,000 (GST na)
Motel For Sale - Lake Macquarie Region
Description: Location, Location, Location! Stunning lake frontage. New restaurant and bar under construction. This, combined with 12 additional units, will make this property a highly sought-after accommodation and function venue.
Star Standard: Comfortable 3 and 3.5 star
Construction: Two storey brick and cladding construction with iron roof and brick partitions. Solid construction.
Large renovation currently being carried out.
Interior: Medium sized interiors with some larger family rooms. Some refurbishment has been done. Comfortable 3 and 3.5 star units will be excellent when completed.
Residence: 1 bedroom with built-ins, lounge/dining, own kitchen. Ideal Manager's suite. New residence planned in extension above reception.
Age: Built 1962 - 1980
Clientele: Corporate reps, workers, tourists, passing trade
Land Area: 3,080sqm approx.
Tariffs: Single $120-$140; Double $120-$150; Family (4) $130-$200; Extra Person $20-25
Chain Affiliation: No
Laundry: Commercial laundry. All linen is hired - 2.5 changes on site.
Restaurant: 100 seat being rebuilt
Services: Reverse cycle air-conditioning, new commercial kitchen, BBQ, 42 car parking spaces on site, fire rated
Turnover: Bed Only Income $600,000 Plus
Comment: We believe that should this property be operated with quality food and function facilities there would be substantial capital growth.
MQ Property ID:
To receive updates via your Facebook newsfeed please <a href="http://www.facebook.com/ManentiQuinlan" target="_blank">click here</a>, or visit <a href="http://www.facebook.com/ManentiQuinlan" target="_blank">www.facebook.com/ManentiQuinlan</a> and like our page.
To follow us on Twitter please <a href="http://www.twitter.com/ManentiQuinlan" target="_blank">click here</a> or visit <a href="http://www.twitter.com/ManentiQuinlan" target="_blank">www.twitter.com/ManentiQuinlan</a>
So much work goes into buying a business, so why not let Valiant do the heavy lifting on helping you getting you the finance you need.
Valiant’s digital quoting tool will assess your eligibility and compare products from over 80 lenders, all in a few minutes!