, Armidale NSW

For Sale

Accommodation/Tourism

SOLD

Description: Popular regional city location. Strong education and university. Popular with reps and tourists. Excellent highway position.
AAA Rating: 3½ star
Construction: brick with tile roof, brick & besser block partitions. Mainly single storey. Only 3 units upstairs. Very solid construction. New roof capping and flashings. Paintwork in as new condition.
Residence: 3 bedroom, 2 with built-ins, share kitchen, bathroom, lounge, dining, upstairs sitting room, private yard. Large floor space - joins and above reception.
Age: Mid 1980's
Clientele: Education department, reps, corporate trade, tourists, interstate travelers.
Land Area: 1/2 acre (approx.)
Tariffs: Single $70 - $90; Double $79 - $89; Family (4) $120 - $140; Extra Person $15
Chain Affiliation: Yes
Lease: Til July 2030. Rent $60,848p.a.
Laundry: On-site. All owned. 2 changes. Very good condition.
Restaurant: Breakfast room - 25 seat. No night restaurant.
Services: Room service, in-house licensed, pool, BBQ, air-conditioned, DD phones, fire rated.
Turnover: $336,000 2008, $202,636 (8 months 2009)
Occupancy: 54% approx. 2007/2008
Comment: Budget chain motel in university city. Close to city by-pass. Excellent inspection and convenient roomy residence.