MOTEL LEASEHOLD FOR SALE - BARGAIN BUY

For sale by Manenti Quinlan and Associates | Charlie Fenton

Ads Details Leasehold $475,000

Description: Town centre workers motel. Excellent year round occupancy. Future looks very strong for this region.

Star Standard: 3 star

Lease Expires: 27 Year Term

Rent: $110,000 Per Annum Inclusive of GST

Turnover: $700,000 Average Over 3 Years

Tariffs: Single $75; Double $85; Family (4) $135-$145

Construction: 30 units. Single storey - good condition for age. Presents well – strong worker trade.

Interior: Medium sized units with average sized bathrooms. Fitted out to suit the mining and trade workers.

Clientele: Mining and trade workers

Chain Affiliation: No

Occupancy: 65%

Restaurant: Seats 50, licenced

Laundry: Commercial washer and dryers; guest laundry

Services: Air conditioned, restaurant, licenced, room service, undercover parking, microwave ovens & toasters, pool, Foxtel, laundry and guest laundry, Fire Rated.

Residence: 3 bedroom, built-ins to master, own kitchen, lounge / dining, bathroom, 2 toilets, private yard, carport

Comment: Priced to sell - Genuine vendor. Offering a solid 50% yield on your investment. Trade for five years and be in a position to expand to the next level. Bargain buy.

MQ Property ID:
5055301


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uniqueID : 5055301

Contact

Name:Manenti Quinlan and Associates

Phone:0297448833

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