MOTEL FOR SALE- STRONG MANUFACTURING & CORP CENTRE

SOLD

Tumut NSW 2720

Accommodation/Tourism

BUSINESS FOR SALE

Description: Strong manufacturing and corporate centre. Boutique style country town with an excellent mix of business.

AAA Rating: 3.5 - 4 star

Construction: Single level brick with brick wall partitions and iron roof. Medium sized units. Medium size units in excellent condition for age with 21 of the 28 units recently refurbished to an excellent standard.

Residence: 2 bedrooms with built-ins, 2 bathrooms, lounge, dining, own near-new kitchen. Very comfortable. Opposite reception.

Age: Built 1959

Clientele: Strong rep trade, sporting & tourist trade, local workers, group business.

Land Area: 3,000sqm approx.

Tariffs: Single/Double $110- $140; Family $170 $190; Average Room Rate Achieved $127

Chain Affiliation: No

Lease: No

Laundry: Full commercial - All linen hired

Restaurant: Yes, licensed. Used for groups only.

Services: Room service breakfast, Austar, internet, some undercover parking, reverse cycle air-conditioning, wifi, fire rated.

Turnover: 2014/2015 $295,138 (Jul-Dec-14); 2013/2014 $604,322; 2012/2013 $495,761; 2011/2012 $545,268

Occupancy: 46% approx.

Comment: Town centre position in strong manufacturing centre. Great mix of trade. This business will continue to grow into the future with consistent good management. Ideal family business.

MQ Property ID:
2050486


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