, Goulburn NSW

For Sale

Accommodation/Tourism

SOLD

Description: Colonial style, 28 room motel in strong regional city location. Fully refurbished. Presents very well and has a strong government trade.

AAA Rating: 3½ star
Construction: Colonial style, two storey brick & tile . Concrete slab with brick partitions. Fully repainted and has 17 new bathrooms.
Residence: 3 bedroom with built-ins, private kitchen, large lounge, dining, bathroom, carport.
Age: 1977
Clientele: Government, reps, tourists, workers and passing trade.
Land Area: 4000sqm
Tariffs: Single $84 - $104; Double $94 - $114; Family $145 - $185; Extra Person $10 - $15.
Chain Affiliation: Golden Chain
Lease: 16 years with extra years available. Rent $186,000p.a. (22.5% T/O)
Laundry: Full commercial on-site. Linen as new. 2 ½ changes.
Restaurant: 100 seat, fully licensed steak house.
Services: Room service, convention centre, cable TV, children's play area (2), fire rated.
Turnover: $835,000
Occupancy: 59%
Comment: Busy corporate centre with large government offices. Property was extensively refurbished 2005/2006 including the residence. Now its time to reap the benefits. Extension to lease would cost $40,000 approx.