, East Maitland NSW

For Sale



Description: Prime position corp Motor Inn. Newcastle region. Run under management. Room to extend this property. Strong growth potential.
AAA Rating: 3½ star
Construction: Double brick, concrete slab floors, brick wall partitions, tiled roof. Units are medium to large. Building is well built. No sign of cracking. Some recent upgrading work just completed.
Residence: Spacious 3 bedroom family residence (2 with built-ins). Private kitchen, lounge, dining, study/office with private yard. Residence adjoins reception and convention centre. Area for possible 4 bedroom. Very well set out.
Age: Unknown (over 20 years)
Clientele: Local corporate & mining trade, passing trade, Williamstown Airport.
Land Area: 4000sqm approx.
Tariffs: Single $85 - $95; Double $95 - $105; Family $105 - $118;Extra Person $10.
Chain Affiliation: No
Lease: No
Laundry: 2 x 8.5kg washers. Large commercial dryer (linen rented)
Services: Room service, mini-bar, play ground, pool, BBQ, convention facilities, reverse cycle air conditioning.
Turnover: $876,428 (2007/2008)
Occupancy: 67% approx. 2007/2008
Comment: Corporate Motor Inn in strong Newcastle suburb. This area is currently experiencing huge growth with growth in shopping centers, road, industrial parks plus growth with Williamstown Airport. The property also has the land to extend. This property with an owner operator would be a huge improver.