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- 23 Dec 2016
MOTEL FOR SALE- NEW ENGLAND HIGHWAY
Description: New England Highway. Great value freehold. 16 units. Solid rendered brick, single level motel. Very good appointments. Spotlessly maintained. Large land area. Outstanding opportunity.
AAA Rating: 3.5 star
Construction: Single level brick with clip-lock roof and brick wall partitions. Good medium size units & bathrooms. Very good appointments spotlessly maintained. Current owners continue to upgrade
Residence: 2 bedroom + interconnects with Unit 4, 2 built-ins, lounge, dining, bath/toilet. Good residence for couple or small family - plenty of room to expand. Joins reception. Wood burning heater plus air-conditioning.
Clientele: Road and rail crews, local workers, passing trade, horse industry.
Land Area: 7,800sqm approx.
Tariffs: Single $80 - $110; Double $95 - $105; Family (4) $120; Extra Person $15
Chain Affiliation: No
Laundry: Excellent heavy duty machines. All owned and done onsite. 2 plus changes.
Services: Room service, reverse cycle air-conditioning, in-ground pool, Austar, BBQ, microwaves, fire rated.
Turnover: 14/15 $218,987 - 13/14 $202,848 - 12/13 $204,104 - 11/12 $182,871 - 10/11 $175,860
Occupancy: 49% approx.
Comment: Pleasant highway frontage motel - rural setting on acres. Regular repeat trade. Rich Upper Hunter area. Good forward bookings.
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1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information