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NSW
Sold on 22 Oct 2021

NSW

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

MOTEL FREEHOLD - NEWCASTLE AREA - SPOTLESS PRESENTATION

    Description: Very well presented motel with very good residence. Regular business trade and corporate trade.

    Star Standard: 3½ star

    Motel Construction: Two storey brick and tile construction with brick partitions. Solid construction with very little movement. Paintwork in very good condition.

    Interior: 23 good medium to large units. Variation of well maintained appointments. Spotless presentation.

    Residence: 3 bedrooms with built-in wardrobes, own kitchen, lounge/dining, bathroom, office, private yard. Good family residence joins and above restaurant and reception

    Age: 1980 Approx.

    Clientele: Reps, tourists, trade workers, passing trade.

    Land Area: 2,322m2

    Tariffs: Single $120-$145; Double $120-$145; Extra person $20-$25

    Chain Affiliation: Golden

    Laundry: Full commercial equipment. Sheets and pillow slips hired - remainder owned.

    Restaurant: 40 seat (used for light breakfasts - only for groups)

    Services: Room service breakfast, full commercial kitchen, reverse cycle air-conditioning, microwave ovens in 12 units, parking in front of units, fire rated.

    Turnover: 2019/20 $395,637; 18/19 $513,655

    Occupancy: 40% - 44% approx.

    Comment: Has been a managed business for many years. Great opportunity for owner operator in highly sought-after city location.

    MQ Property ID:
    6568214

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    Property Highlights

    Date Sold22 Oct 2021
    Floor Area1 m²
    Land Area2,322 m²
    ParkingOn site parking available
    Building TypeWhole building
    Property ID2017176873
    Category
    Last updated  8 Dec 2021
    Map for NSW

    Property Highlights

    Date Sold22 Oct 2021
    Floor Area1 m²
    Land Area2,322 m²
    ParkingOn site parking available
    Building TypeWhole building
    Property ID2017176873
    Category
    Last updated  8 Dec 2021
    Suite 101, Level 1, 74-76 Burwood Road Burwood NSW 2134

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