MOTEL FOR SALE- SOUTH COAST - VIEWS TO OCEAN & HARBOUR
For sale by Manenti Quinlan and Associates | Ray Larkin
Ads Details Price: $ 2,250,000
Rating: 3.5 star
Construction: 13 units. Single level brick construction with flat cliplock roof and brick partitions, in very good condition for age. Tastefully decorated with modern touches. Soft refurbishment completed.
Zoning: Approved for 14 Metres
Residence: 3 bedroom with built-ins, 'commercial-style' kitchen, combined lounge / dining, shower/toilet, triple garage, rear courtyard. Very modern, refurbished residence. Perfect for family. Large with modern décor.
Age of Building: 1967
Clientele: Reps, passing trade, tourists, short break holiday trade.
Land Area: Approx. 2,800 m2
Tariffs: Single $95 - $105; Double $95 - $105; Family $150-$130; Extra Person $15
Chain Affiliation: No
Laundry: Domestic. Own towels - laundered in house -all other linen hired.
Services: Reverse cycle split system air-conditioning, gas BBQ, inground pool, cooking facilities in family room, parking in front of rooms.
Turnover: 2017 $299,977 – 2016 $297,725 - 2015 $244,291
Occupancy: 56% approx.
Comment: Fantastic location with a surprisingly modern three bedroom family residence. Strong, consistent performer. Owners have been updating and rooms are quite tasteful. Owners obligated elsewhere, leaving a great starting point to take it to the next level. Suit motivated owner operator.
MQ Property ID: 4094479
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Name:Manenti Quinlan and Associates