MOTEL - POPULAR DESTINATION

SOLD

Cooma NSW 2630

Accommodation/Tourism

BUSINESS FOR SALE

Description: Large Motel. Designed for corporate and group travel. Popular stay over area. Designed to handle large numbers.

AAA Rating: 3½ star
Construction: Two storey brick, concrete foundations with slab. Clip-lock roof with brick partitions. Very solid construction.
Residence: 2 bedroom, lounge, dining, bath/toilet, share motel kitchen. Residence adjoins office. Suite couple or small family.
Age: 30 years
Clientele: Reps and workers in the area. Large number of group bookings. Strong educational tour groups.
Land Area: 4500sqm approx.
Tariffs: Single $85 - $160; Double $90 - $180; Extra Person $20.
Chain Affiliation: Best Western
Lease: New lease, 25yr term. Rent $280,000 + CPI.
Laundry: Commercial on-site. Some sheets are hired.
Restaurant: Fully licensed plus bar with large lounge area with log fire.
Services: Room service, convention facilities, drying room, austar, central heating, mini bar, coach & truck parking.
Turnover: $1,200,000
Occupancy: 40%
Comment: Very well designed property specialising in local reps and group tourist market. Very popular destination for educational tours. Strong in sport groups. Ideal for family business.