MOTEL - PRIME SOUTH COAST POSITION

SOLD

Batemans Bay NSW 2536

Accommodation/Tourism

BUSINESS FOR SALE

Description: South Coast. Prime position B&B Motel. Adjacent to water. 100m to club. Very well built and in excellent condition. Easy to operate property with development potential in the future.

AAA Rating: 3½ star standard
Construction: Brick & tile two storey. Concrete foundations and floors, some clip-lock roofing. Partitions are brick. Paintwork in excellent condition. Rooms are medium and large.
Residence: 3 bedroom with built-ins, new kitchen, bathroom and floors. Large lounge living area, stunning water views - adjoins reception.
Age: 30 years and 10 years
Clientele: Rep, tourist, strong government from Canberra
Land Area: 1561sqm
Tariffs: $79 - $225
Chain Affiliation: No
Lease: New 25 year term. Rent $155,000.
Laundry: On-site. Linen hired.
Restaurant: No - cafe next door plus large club 100m.
Services: ISD STD phones, fire rated, adjacent to water. Walk to all shops and restaurants.
Turnover: $600,000 08/09 - Nets $171,000 after rent
Occupancy: 60% plus.
Comment: No gimmicks or deals, just a solid business. Prime South Coast location. This is a true lifestyle business which is only improving and will only look after your nest egg and make it grow.