MOTEL - BUSY INLAND HIGHWAY LOCATION

SOLD

Uralla NSW 2358

Accommodation/Tourism

BUSINESS FOR SALE

Description: As new colonial style motor inn. Busy inland highway position. Excellent presentation.
AAA Rating: 4 star
Construction: Brick, colourbond roof on motel section. Tile on restaurant section. Concrete slab foundations. Brick wall partitions.
Residence: 3 bedroom, 1 with built-ins, open plan living with 2 bathrooms, private kitchen, large modern residence with outlook over whole motel. Joins reception & restaurant.
Age: 14 years approx.
Clientele: Some reps, strong passing trade, local workers.
Land Area: 3000sqm approx.
Tariffs: Single $87 - $99; Double $89 - $109; Family $132 - $146; Extra Person $14.
Chain Affiliation: Yes
Lease: 20 years (2028), Rent $101,555 + GST.
Laundry: Domestic equipment. Sheets and towels hired - balance on-site.
Restaurant: 40 seat fully licensed.
Services: Fire rated, 8 spa units, room service, split reverse cycle air conditioning.
Turnover: $458,702
Occupancy: 75% approx.
Comment: Consistent business with repeat trade and lots of walk-in trade due to highway location. Quiet spacious units with choice of executive spa suites or deluxe units. New carpet in 6 units. New painting in 9 units.