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- Hotel / Leisure
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- 18 Oct 2016
MOTEL FOR SALE- BUSY NEW ENGLAND LOCATION
Description: Description: Busy highway location in New England. As solid as the day it was built. Fresh paint work. Superbly refurbished with quality appointments throughout. Medium sized units. A very unique property.
AAA Rating: 3.5 star
Construction: 15 units. Single level brick with iron roof and brick and block wall partitions. Variation of unit sizes refurbished throughout with quality appointments.
Age: Built 1970 - 1978 approx.
Clientele: Reps, local workers, passing trade, mining trade
Residence: 3 bedroom, 2 with built-ins, 1 with ensuite, large lounge/dining, bath/toilet, 2nd toilet, lock-up garage. Convenient and roomy with new air-conditioner – joins reception
Land Area: 1.5 acre approx.
Tariffs: Single $65 - $110; Double $80 - $110; Family $140; Extra Person $10
Chain Affiliation: No
Laundry: Heavy duty commercial. Sheets hired – remainder owned on site.
Restaurant: 50 seat - continental breakfast only
Services: Split system reverse cycle air conditioning, gas BBQ, undercover parking, fire rated.
Turnover: 1st Oct., 2015 to 30th Sept., 2016 $263,505 - 14/15 $306,098 net GST - 13/14 $229,986 (8 mths) incl GST
Occupancy: 65% approx.
Comment: Very tidy single level motel. Good highway exposure in busy New England centre. A huge upside here. Good forward bookings and regular repeat trade. New to the market - Great inspection
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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