, Gilgandra NSW

For Sale



    • Building Name Castlereagh Motor Inn
Description: Busy Central Western NSW Motel on large land with good highway exposure. Current owner has been at the property for over 20 years and wishes to retire. Single level property. Outstanding opportunity to improve business then split as possible investment.

AAA Rating: 3.5 star

Construction: 18 units. Single level brick construction with tile roof and brick wall partitions. Generous size rooms, spotless presentation with good quality appointments. Very functional.

Residence: 3 bedrooms with built-in robes, lounge/dining, bathroom, toilet, private yard, double lock-up garage. Very spacious and convenient family residence – joins reception.

Age: Built 1982 - 1986 approx.

Clientele: Rural workers, travellers, tourists, reps, passing trade.

Land Area: 4.5 acres

Tariffs: Single/Double $93 - $115; Family (4) $135; Extra Person $11

Chain Affiliation: No

Lease: No

Laundry: Full commercial with excellent equipment. All linen owned and done onsite. 3 changes in very good condition.

Restaurant: 40 seat (closed)

Services: Room service breakfast, split system reverse cycle air conditioning, microwaves, gas BBQ, in-ground pool, wifi, fire rated.

Turnover: 15/16 $151,490 net GST

Occupancy: 35% approx.

Comment: A “big” 18 unit motel on large land area with attractive native trees. Quiet but good exposure highway. There is a courtesy bus to Services Club 7 nights a week. Great opportunity to improve. Owner of 20 years wishes to retire.

MQ Property ID:

To receive updates via your Facebook newsfeed please click here, or visit www.facebook.com/ManentiQuinlan and like our page.

To follow us on Twitter please click here or visit www.twitter.com/ManentiQuinlan

To connect on LinkedIn click here or visit http://www.linkedin.com/company/manenti-quinlan-&-associates