, Armidale NSW

For Sale

Accommodation/Tourism

SOLD

Description: Major inland highway. Regional city location. Popular education centre. Long lease. Strong corporate centre.

AAA Rating: 3 ½ Star.
Construction: Brick and tile. Single level concrete foundations. Brick partitions. Colonial style. Fire rated.
Age: Opened December 1987.
Clientele: Passing trade tourist.
Land Area: 2 1/2 acre.
Tariffs: Single $90-$110; Double $100-150; Extra Person $15.
Lease: 21 years.
Rent: $160,000 per annum
Laundry: Full commercial equipment. Linen all owned. As new.
Restaurant: 55 seat plus 22 person Convention/Meeting Room. Licensed.
Services: Room Service; Indoor Heated Pool; Convention Meeting Facilities.
Turnover: $753,796 net GST.
Occupancy: 58% approximately.
Comment: Very good quality. Busy highway city Motor Inn on landscaped acres. Room to move and enjoy the country area. Property is currently run with 5 staff.