, Ballina NSW

For Sale

Accommodation/Tourism

SOLD

Description: Fabulous corporate beachside resort style property. Far north NSW. Over $2m income. Full corporate amenities. Huge potential.
AAA Rating: 3½ star
Construction: Concrete panel walls, concrete foundations, brick wall partitions and tiled roof. Two storey. Good variation of unit sizes including 8 large suites. Excellent appointments. Well maintained.
Residence: 1 bedroom managers apartment with built-in. Lounge/sitting room and bathroom. Suit couple.
Age: Built 1990 - 1996
Clientele: Strong corp trade, convention & wedding trade, tourist, passing & holiday trade.
Land Area: 3 acres
Tariffs: Single $99 - $190; Double $109 - $190; Family (4) $159 - $190; Extra Person $20
Chain Affiliation: No
Lease: 25 years (22/08/2035), rent $47,500 per month including GST.
Laundry: Heavy duty laundry. All linen hired. Guest laundry.
Restaurant: 100 seat licensed restaurant. Cocktail bar.
Services: Room service, convention/wedding facilities, tennis court, pool, spa, sauna, cooking facilities (limited 12 units), BBQ area, split air, fire rated.
Turnover: $2,067,822 2008/2009
Occupancy: 52% approx.
Comment: Large quality Motor Inn close to beach. Huge corporate & tourist trade. Caters for the convention and wedding market. Surrounded by landscaped lawns and gardens.