MOTEL FOR SALE- CORP & MINING AREA
For sale by Manenti Quinlan and Associates | John Redwood
Ads Details Price: $ 2,000,000
AAA Rating: 3.5 star
Construction: Two storey brick & tile with Colorbond roof and brick wall partitions. Very solid with no movement. Large well appointed units. All new flat screen TVs – quality fit-out.
Residence: 1 bedroom with built-in, lounge/dining, bathroom and own kitchen. Small and convenient, above reception.
Age: Built 1984 approx.
Clientele: Corporate and rep travellers, local industrial workers, coach groups, convention and meeting trade, tourists and passing trade.
Land Area: 6,500sqm approx.
Tariffs: Single/Double $125 - $165; Family $155 - $195; Extra Person $15
Chain Affiliation: No
Lease: New 30 year lease. Rent $500,000pa plus GST.
Laundry: Full commercial. All linen owned and done onsite. Coin operated guest laundry.
Restaurant: 120 seat with licensed cocktail bar.
Services: Room service, reverse cycle air-conditioning, gas BBQ, in-ground pool, fire rated, 120 parking spaces.
Turnover: 2017/2018 $1,121,185
Comment: Largest motel in busy Hunter Valley Centre - huge corporate trade. Owner operators 24 years wish to retire.
MQ Property ID:
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Name:Manenti Quinlan and Associates