MOTEL FOR SALE- LARGE REGIONAL CITY

SOLD

Bathurst NSW 2795

Accommodation/Tourism

BUSINESS FOR SALE

Description: Large regional city. Prime location. Easy walk to all CBD amenities. Motel has been recently refurbished. High year round occupancy. Has been managed for many years.
AAA Rating: 3½ star
Construction: Two storey double brick and tile with concrete slab foundations and brick wall partitions. Medium to large units. All rooms freshly painted with new flat screen televisions. Presents very well to the market.
Residence: 3 bedroom with lounge, dining, bathroom. Adjoins reception. Spacious residence. Ideal for a family.
Age: Built 1961 approx.
Clientele: Corporate trade, local workers, tourists, passing trade, sporting trade.
Land Area: 3,000sqm approx.
Tariffs: Single $99 - $120; Double $110 - $155; Family $187 - $250
Chain Affiliation: Yes
Lease: New 30 year term. Rent $250,000 plus GST.
Laundry: Owned and laundered onsite.
Restaurant: Licensed restaurant.
Services: Room services, convention facilities, salt pool, guest laundry, off-street parking, fire rated.
Turnover: $1,230,000. Net $366,056 (after rent).
Comment: Very well presented corporate Motor Inn in a major regional city close to Sydney. This city is renowned for its miz of business and high year round occupancy. Very solid double brick construction. New to the market.

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