, Armidale NSW

For Sale



Description: Regional university city. B&B motel with land to extend to number of units. Excellent visual appeal. Quiet comfortable accommodation.

AAA Rating: 3½ star
Construction: Brick and tile, single level with brick partitions. Units are good medium size plus 2 large family units. All well appointed. Excellent inspection throughout. New paintwork.
Residence: 3 bedroom with built-ins. Share kitchen. Large lounge, dining, bathroom, private yard with carport. Excellent family residence.
Age: 1972 - 1988
Clientele: Reps, passing trade, tourists, private school & university business.
Land Area: 4439sqm
Tariffs: Single $75 - $875; Double $80 - $90; Family (5) $120 - $130; Extra Person $11.
Chain Affiliation: Yes
Laundry: Commercial fully equipped. 2 plus changes. All new condition.
Restaurant: No
Services: Room service, Austar, indoor BBQ, microwaves in all rooms, recreation room, pool table & table tennis table. Large shed for storage.
Turnover: $210,000 2007/2008 - $206,942 2006/2007 - $195,383 2005/2006.
Occupancy: 55% - 60% approx.
Comment: Exceptionally well kept. Close to airport & private schools. Potential to improve income. All units have remote controlled bed lifts. Outstanding inspection.