MOTEL - EXCELLENT CORP MOTOR INN

SOLD

Cowra NSW 2794

Accommodation/Tourism

BUSINESS FOR SALE

Description: 3 hours from Sydney. Excellent corp Motor Inn. Town centre position. Strong rural centre. Wine growing area. Strong rep & coach trade plus tourists.
AAA Rating: 3½ star.
Construction: Double brick & tile. Mostly single level, only 2 units upstairs. Brick wall partitions. Good variation of unit sizes with a mix of standard & deluxe units. Good appointments. Well maintained. Paintwork new.
Residence: 2 bedroom with built-ins. Lounge, living room, bathroom, private yard, share kitchen, carport & private yard. Plus 1 bedoom bedsitter that interconnects.
Age: Built 1960
Clientele: Excellent mix of rep, coach and tourist trade.
Land Area: 1¼ acre
Tariffs: Single $90 - $140; Double $90 - $140; Extra Person $15
Chain Affiliation: Yes
Lease: 24yr term. Rent $123,000.
Laundry: Full commercial. Sheets hired, balance owned and done onsite. 2½ changes.
Restaurant: 50 seat licensed. Only motel with restaurant in town. Trades 6 nights. Popular with locals. Fully staffed.
Services: Room service, reverse cycle air-conditioning, mini bar, internet, pool, cable TV, hairdryers, fire rated.
Turnover: $612,637 08/09. $629,783 07/08
Occupancy: 52% approx.
Comment: Well known popular Motor Inn in strong rural wine growing area. Sound year round trade.