, Gundagai NSW

For Sale

Accommodation/Tourism

SOLD

Description: Budget style Motor Inn in prime position on the Sydney - Melbourne Highway.

AAA Rating: 3 star
Construction: Timber construction with corrugated fibro roof and brick room partitions. Single level. Small to medium units. Very good for age. Paint very good.
Residence: 2 bedrooms built-ins, share motel kitchen, lounge/dining, bathroom with private yard. Good sized family residence.
Age: 1962
Clientele: Workers, passing trade, limited tourists.
Land Area: 2 acres
Tariffs: Single $45 - $60
Chain Affiliation: Yes
Lease: Expires 1st February 2025. Rent: $46,942.
Laundry: Domestic/Heavy duty in large laundry area. Linen 50% hired, towels all owned. Maytag coin operated for guests.
Restaurant: 45 seat BYO
Services: Room service, communal kitchen, above-ground pool, BBQ area, pay phone, fire rated.
Turnover: 2007/2008 $214,580; 2006/2007 $163,306
Occupancy: 55% approx.
Comment: A good budget standard motel with close exposure to Hume Highway. Trade should increase with the current road works being carried out.