, Casino NSW

For Sale

Accommodation/Tourism

SOLD

Description: Corp Motor Inn. This area is showing strong growth in all areas of the business with the corporate trade. The strongest from gas exploration in the area.

AAA Rating: 3½ Star.
Construction: Brick and concrete two storey. Concrete foundations, brick partitions, tile roof. Exceptionally good, very solid construction. Good paint work.
Residence: 2 bedroom with built-ins. Lounge, dining, bathroom, share motel kitchen, carport, good sized residence for couple or small family. Joins reception.
Age: 1980
Clientele: Rep, corporate & mining plus passing trade - strong highway location.
Land Area: 3000sqm approx.
Tariffs: Single $79-$150; Double $85-$150; Family (4) $120 - $160; Extra Person $10
Chain Affiliation: Yes.
Lease: 22yr (2030), rent $142k plus GST.
Laundry: Heavy duty, sheets & slips hired. Own towels.
Restaurant: 55 seat licensed restaurant, cocktail bar.
Services: Room Service, salt water pool, reverse cycle air conditioning, DD phones, fire rated.
Turnover: $740,000 (08) $592,687 (07)
Occupancy: 50% and increasing
Comment: Well located motel in excellent condition. Strong rural centre. Population 11,000, 40 mins to the beach. Area showing strong increase in trade through gas exploration.