MOTEL - EXCELLENT HWY EXPOSURE

SOLD

Inverell NSW 2360

Accommodation/Tourism

BUSINESS FOR SALE

Description: Very well presented B&B motel. High quality. Excellent highway exposure. Single level with strong corporate trade.

AAA Rating: 4 star
Construction: Brick & tile, concrete slab construction. Brick partitions. Medium to large rooms. Excellent quality appointments. Meticulously maintained. Outstanding presentation.
Residence: 3 bedroom, main with ensuite and walk-in robe. 2 with built-ins, share motel kitchen, formal dining, lounge, wet bar, bath/toilet with spa, study office, large private balcony. None better. Excellent family residence. Carport.
Age: 1980
Clientele: Strong corporate plus local workers and passing trade.
Land Area: ½ acre.
Tariffs: Single $88; Double $98; Extra Person $10.
Chain Affiliation: No.
Lease: 2033 (26yrs)
Laundry: Excellent full commercial. All owned, sheets sent out. 2½ changes. As new.
Restaurant: No
Services: Room service.
Turnover: $541,000 inc. GST. $205,000 after all costs.
Occupancy: 71.22% approx.
Comment: Delightful motel of excellent standard in busy town. New England Area. Outstanding family residence. Motel fully renovated in 1990. Owner spend $500,000. Ongoing refurbishment since easy operation. Only 2 casual staff.