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NSW
Sold on 30 Sep 2021

NSW

  • Hotel, Motel, Pub & Leisure
  • 1 m²
  • Sold

MOTEL FOR SALE - MUDGEE - HIGHLY SOUGHT-AFTER LOCATION

    Description: Very well located on main street in centre of town. Easy access to all town amenities. Older style property. Future development potential - STCA

    Star Standard: 3 Star Budget

    Construction: Two storey double brick and timber construction with timber and clipboard partitions and iron roof.

    Interior: 8 small to medium units. New carpets, air-conditioning and paint. Beds replaced. Budget style but very comfortable.

    Age: Built 1955

    Land Area: Approx. 675.8m2

    Clientele: Short Break, Workers, Tourist, Passing Trade

    Tariffs: Single From $85; Double From $90; Queen From $95; Twin Share From $115; Unit $200 per night for up to 4 people +$50 per person thereafter

    Chain Affiliation: N/A

    Motel Laundry: Domestic Equipment

    Restaurant: No

    Services: Air-conditioned, barbecue, parking in front of units, Wifi, fire rated.

    Turnover: 2019/20 $248,917

    Residence: Four bedroom with built-in wardrobes to three bedrooms - currently used as letting apartment. Large lock-up garage at rear

    Comment: Budget style motel on large block in the CBD of Mudgee. Ideal to operate now with future development potential in one of NSW's strongest growth country towns. Bargain Buy Opportunity!

    MQ Property ID:
    5233084

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    Property Highlights

    Date Sold30 Sep 2021
    Floor Area1 m²
    Land Area1,000 m²
    ParkingOn site parking available
    Building TypeWhole building
    Property ID2015971676
    Category
    Last updated  23 Nov 2021
    Map for NSW

    Property Highlights

    Date Sold30 Sep 2021
    Floor Area1 m²
    Land Area1,000 m²
    ParkingOn site parking available
    Building TypeWhole building
    Property ID2015971676
    Category
    Last updated  23 Nov 2021

    Listed by

    Ray Larkin
    Manenti Quinlan & Associates
    Call
    0407 220 116

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