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47-53 Bayley Street Coolgardie WA 6429

  • Hotel, Motel, Pub & Leisure
  • 1 m²
  • For Sale, FHGC $2,590,000

Coolgardie Gold Rush Motels - 1P4688M

Two separate motels trading as Coolgardie Gold Rush Motels.

This is an outstanding property that has recently undergone a major refurbishment and is located on a main road in a growing town.

The main motel comprises 26 motel units, licenced restaurant and a separate 3 bedroom manager's residence.

The second motel comprises 15 units and a 3 bedroom house. This second motel is used as an overflow for busy periods or for large contracts.

A good proportion of the contract client base is in the Mining, Roads and Pipeline Industries.

The current owners have recently completed roof restoration on the motels and have replaced the three water heaters and installed a new 18kw solar system.

The motel can easily be run under management and affords an excellent opportunity for an owner operator or investor.

Offering a Return on Investment of over 25%, this is definitely worth pursuing.

2019 AHA- Hospitality Awards for Excellence Finalists

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

Property Highlights

Property ID2015614259
Floor Area1 m²
Land AreaAsk Agent
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityVacant
Category
Last updated  15 May 2020
Map for 47-53 Bayley Street Coolgardie WA 6429
Map for 47-53 Bayley Street Coolgardie WA 642947-53 Bayley Street Coolgardie WA 6429
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  • Purchase Price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

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CRE Brokers
U4/10 Lakewood Boulevard Carrum Downs VIC 3201

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Reach out to the agent to arrange a private or online viewing

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