, Charlestown NSW

For Sale

Accommodation/Tourism

SOLD

Description: Major corporate Motor Inn in prominent city location. Huge repeat corporate trade. Surrounded by strong development. Full corporate facilities. Fully managed. Big improver.
AAA Rating: 4 star.
Construction: Two storey brick & concrete with concrete slab floors and brick wall partitions. Rooms range in size from 28sqm to 42sqm. Property includes suites plus full function facilities.
Residence: None. Property run with 24hr reception.
Age: 1970's
Clientele: Strong repeat corporate, tourist, sport groups, weddings, parties etc.
Land Area: 4000sqm approx.
Tariffs: Single $110 - $190; Double $120 - $190; Family (4) $160 - $220; Extra Person $20
Chain Affiliation: Yes
Lease: New 30yr term. Rent $480,000
Laundry: Full commercial on site - 2+ changes
Restaurant: 80 seat award winning plus licensed cocktail bar.
Services: Room service, internet, two function rooms, Austar, gym, pool and spa, guest laundry.
Turnover: $2,029,000
Occupancy: 60% approx.
Comment: This property has a strong history of being a market leader in both corporate trade and functions. Award winning restaurant with stunning views over city & beaches. Currently under trading and will respond well to good management.