MOTEL FOR SALE - BUSY HIGHWAY TOWN CENTRE LOCATION
For sale by Manenti Quinlan and Associates | John Redwood
Ads Details Leasehold $295,000
Description: Large B&B motel on busy highway town centre location. Excellent condition for age. Very easy to operate.
Star Standard: 3 ½ star.
Construction: Mainly brick, some fibro. All single level. Roof iron and corrugated fibro.
Residence: 2 bedroom with walk-in wardrobe, the other, built in. Own kitchen, open plan living area, bath/toilet, laundry. Ideal residence for couple or small family.
Clientele: Reps, travellers, workmen for mines, roads, Telstra etc
Land Area: 1972sqm
Tariffs: Single $94- $105; Double $98- $105; Twin $105; Family (4) $155- $160; Extra Person $10.
Chain Affiliation: Choice
Lease: 12 Years
Laundry: Heavy duty equipment (sheets & towels hired)
Restaurant: No. Short walk to restaurants
Services: Room service, breakfast, fully fire rated, air-conditioning, BBQ, DD phones.
Turnover: 17/18 $384,602; 16/17 $370,291; 15/16 $430,898 net GST
Occupancy: 55% approx.
Comment: An older motel in excellent condition inside and out. A credit to owners. High standard affiliated chain motel in central CBD location. Easy stroll to RSL club & restaurants. This property continues to improve every year. A real money maker!
MQ Property ID:
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Name:Manenti Quinlan and Associates