MOTEL LEASEHOLD FOR SALE - AMAZING WATERFRONT LOCATION
For sale by Manenti Quinlan and Associates | Ray Larkin
Ads Details Price: $ 590,000
Star Standard: 3½ star
Construction: Single storey brick with brick partitions and tile roof in very good condition.
Rooms: Medium sized rooms with a number of sleeping configurations. Seven room types.
Age: Built 1970s / 1980s
Clientele: Strong rep & working clientele plus passing and tourist trade.
Land Area: 3 acres
Tariffs: Single $95 - $139; Double $95 - $149; Family $149 - $220
Lease Term: New 30 Year Lease
Rent: $178,000 per annum
Chain Affiliation: No
Laundry: Commercial dryers & domestic washing machines. 3+ changes of Linen. Linen hired. Towels laundered onsite.
Services: Room service from restaurant in town, pool, gas barbecue, Foxtel 8 channels, parking in front of rooms, fire rated.
Turnover: $575,000 (2017/2018); $535,000 (2016/2017) excluding GST
Occupancy: 45% 2017/18
Residence: 3 bedroom with built-ins, 3 garages, large private yard. Delightful and very large. Excellent presentation.
Comment: Popular waterfront motel positioned half way between Sydney & Brisbane. Strong repeat trade. Walk to all town amenities. Easy to operate. Local restaurants service night meals. Highly recommended.
MQ Property ID:
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Name:Manenti Quinlan and Associates