MOTEL - PROSPEROUS RURAL AREA

SOLD

Canowindra NSW 2804

Accommodation/Tourism

BUSINESS FOR SALE

Description: As new motel. No comparable opposition in prosperous rural area. Quality inspection throughout.

AAA Rating: 3½ star
Construction: Two storey double brick construction with colorbond roof and concrete slab foundation. Brick room partitions, good medium size units and bathrooms. Quality modern appointments. Excellent inspection.
Residence: 2 bedroom, 1 with walk-in, lounge/dining, bathroom, private deck, share kitchen, private yard, carport and garden shed. Pristine and modern. Joins reception.
Age: 1998
Clientele: Reps, tourists, passing trade.
Land Area: ½ acre
Tariffs: Single $80 - $95; Double $88 - $110; Family (4) $130 - $150; Extra person $15
Chain Affiliation: No
Lease: New 30 year term. Rent $50,000 plus GST
Laundry: Domestic in residence.
Restaurant: No
Services: Room service breakfast, microwaves (2 units), reverse cycle air-conditioning, fire rated, DD phones.
Turnover: $196,000
Occupancy: 51% approx.
Comment: As new motel in very strong Central Tablelands rural town with no comparable opposition. Very easy to operate. Immaculate presentation.