NEW

MOTEL FOR SALE - POPULAR NORTH COAST LOCATION

For sale by Manenti Quinlan and Associates | Ray Larkin

Ads Details Price: $ 1,095,000

Description: The hard work has been done, money has been spent. Freshly painted and in very good condition, tastefully decorated with modern appointments, this easy-to-run motel is ready for the next motivated owner to reap the rewards.

Star Standard: 3.5 Star

Construction: Single storey brick with brick wall partitions and colorbond roof. Very good presentation. Small to medium rooms, tastefully decorated and bathrooms refurbished.

Age: Office to Unit 9 built 1969; Units 10-18 built 1980; 3 x 2-Bedroom Units built 1988

Clientele: Local Business, Tourist, Passing Trade, Workers

Land Area: 2,832 sqm approx.

Tariffs: Single $85 - $100; Double $100 - $130; Extra Person $15

Chain Affiliation: No

Lease: No

Occupancy: 48%

Laundry: Commercial Dryer & Domestic Washing Machines. All linen hired. Guest laundry - pay for use.

Restaurant: No. Commercial Kitchen - Room Service when required.

Services: Inground Salt Pool, Gas Barbecue, Air-Conditioning, Foxtel, 2 x Self-Contained Rooms, Parking in Front of Rooms, Fire Rated.

Turnover: $212,832 (9 Mths 01.07.2017 – 31.03,2018); $281,923 2016/17; $322,641 2015/16 net GST

Residence: 3 bedroom, master with built-in wardrobe, lounge/dining plus extra lounge, bath, shower, toilet & ensuite, small courtyard, 3 lock-up garages. Good-sized family residence attached to reception.

Comment: Older style that has been fully refurbished. Now it is ready to trade. City has been by-passed so trade should lift over the coming years with the noise of the highway gone.

MQ ID: 4329313

MQ Property ID:
4329313

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uniqueID : 4329313

Contact

Name:Manenti Quinlan and Associates

Phone:0297448833

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