LEASEHOLD MOTEL FOR SALE- FAR NORTH COAST CITY

SOLD

Ballina NSW 2478

Accommodation/Tourism

BUSINESS FOR SALE

Description: Far North Coast city location. Beautiful landscaped resort style property. Well maintained. Full corporate facilities. This property offers outstanding value for money.

AAA Rating: 4 star

Construction: Single level double brick on concrete slab foundations with colorbond roof and brick wall partitions. Excellent variation of unit sizes with qualityappointments. 25 suites have just been fully refurbished. Very solid construction. Recently repainted. Great appeal.

Residence: 3 bedroom with built-ins, private kitchen, open plan lounge/dining, bathroom, laundry and private yard. A modern, spacious, well-kept and attractive residence.

Age: Built 1990 approx.

Clientele: Reps, corporate workers, travellers, tourists, group tours, conference/wedding trade.

Land Area: 5,000sqm approx.

Tariffs: Single/Double $105- $192; Twin $105- $240; Family $186 - $240

Chain Affiliation: No

Lease: New 30 year lease. Rent 205,000

Laundry: Large full commercial. Sheets & slips hired - remainder owned and done onsite.

Restaurant: 100 seat licensed with separate bar. Excellent equipment.

Services: Room services, WiFi internet, cable TV, resort style pool & spa, BBQ, split air-conditioning and fire rated.

Turnover: 14/15 $1,160,404 - 13/14 $972,902 all net GST

Occupancy: 55% approx.

Comment: Top quality, attractive Motor Inn. Excellent appointments in all departments. Better than average residence. Well-kept grounds and gardens. Inspection highly recommended.


MQ Property ID:
845114


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