, Armidale NSW

For Sale



Description: Regional city. Prominent highway location. Superbly presented property. Just refurbished. On spacious landscaped grounds.
AAA Rating: 3½ star (just inspected). Property has points awarded for a 4-star rating.
Construction: Brick with clip-lock and colorbond roof and brick room partitions on concrete slab foundations. Spacious rooms. Fully refurbished with everything including carpets, beds, LCD televisions (most rooms), furniture and linen. All the work is done. Outstanding property upgrade.
Residence: Large separate 3 bedroom residence with rumpus room, large living area, private kitchen, new double lock-up garage.
Age: 1960's, 1979, 1989
Clientele: Reps, passing trade, leisure travelers, visitors, university trade, sporting groups.
Land Area: 6172sqm
Tariffs: Single $85 - $95; Double $85 - $105; Family $135 - $175; Extra Person $10
Chain Affiliation: No
Lease: Yes. New 30yr term. Rent $90,000 + GST
Laundry: New commercial laundry - All linen is owned and done onsite.
Restaurant: Yes, licensed with separate cocktail bar (used for groups only).
Services: BBQ, pool, room service, laundry, 1/2 tennis court, covered parking, wireless broadband, hairdryer, cooking facilities (3).
Turnover: $323,700 07/08 (16 rooms), $220,100 N.O.P. $400,000 08/09 (21 units) budgeted $240,000 N.O.P.
Occupancy: 62% approx.
Comment: Its all here and the hard work is done and all 21 rooms are operative. New owners can move in and take advantage of this outstanding property. If you are a serious buyer, this is a must to inspect.