, Ballina NSW

For Sale

Accommodation/Tourism

SOLD

Description: Single level highway motel in popular North Coast regional city. Large land area. Excellent exposure.
AAA Rating: 3½ star
Construction: Brick with corrugated fibro and clip lock roof. Brick partitions. Built on concrete slab.
Residence: 4 bedroom family home, 2 with built-ins, share kitchen, large lounge/dining, bathroom, double lock up garage, huge yard, excellent family residence has a large covered outdoor entertaining area.
Age: Built in 2 stages 1978 - 1983
Clientele: Corp trade, passing trade and holiday trade.
Land Area: 6344sqm
Tariffs: Single $70 - $78; Double $75 - $95; Suites $110 - $155; Extra Person $10.
Chain Affiliation: No
Lease: 2030 (22 years) Rent $94,416 (inc. GST)
Laundry: Linen all hired, guest laundry.
Services: Room service, BBQ, 10 units with cooking facilities, undercover parking, in-ground salt pool, reverse cycle air-conditioning.
Turnover: $312,000
Occupancy: 62% approx.
Comment: There has been a magnificent job on upgrading, large land area, well kept single level motel. Busy North Coast town. Solid trade with lots of room to increase income.