MOTEL - REGIONAL CITY

SOLD

Orange NSW 2800

Accommodation/Tourism

BUSINESS FOR SALE

Description: Regional city. Major highway frontage. Fully managed Corporate Motor Inn. Well presented, good, clean building. Room to expand property.

AAA Rating: 3½ star
Construction: Brick & tile built on concrete slab, brick wall partitions. Rooms are large and well presented. Recently upgraded. Restaurant just painted and re-carpeted.
Residence: 3 bedroom with built-ins, private kitchen, lounge, dining, bathroom, laundry, 3-bay lock-up garage. Residence is above reception area and has external staircase access.
Age: 30 years
Clientele: Rep & government trade, strong growing mining industry, passing tourist trade.
Land Area: 5872sqm
Tariffs: Single $99; Double $108; Extra Person $12.50;
Chain Affiliation: None
Lease: No
Laundry: Commercial on-site. Not used. Linen all hired.
Restaurant: Yes - 80 seat. Licensed Bar: Yes
Services: Room service, mini-bar, indoor pool, spa, sauna complex, austar, fire rated.
Turnover: $949,114 (2006/2007) $433,127 net
Occupancy: 54.5% approx.
Comment: Very popular rep & government regional city 3 hours from Sydney. Strong growth region. Prominent highway position. Property has been managed for many years. Will respond very well to owner operator and good marketing.