Asking Price:$375,000
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Situated on the popular New South Wales mid-north coast transit, this a well maintained, 3 stars AAA rated leasehold motel caters to general and corporate business travelers and holiday makers. Built in the late 1970′s, this single storey business offers comfortable queen, twin, king and family rooms with spacious three bedroom, one bathroom residence on a generous parcel of land.
This property is in great condition, has a history of being a strong income producer and is easily run by a husband and wife team.
Turnover: $273,920 (FY2012).
Construction: Single storey, brick with tile roof.
Land Area: 2,020sqm (approx.).
Rating: 3 Star AAA.
Age: 1970′s.
Number of rooms: 14.
Room Configuration & Facilities: Queen, twin, king and family rooms with. Facilities include ensuite bathroom; king, queen & single beds; split system air conditioning, digital TV, Foxtel, tea/coffee facilities, fridge, toaster, hairdryer, iron/board, microwave, free wi-fi and hard wired internet.
Motel Facilities: Foxtel, non-smoking rooms, off street parking, BBQ facilities, breakfast to rooms, commercial motel laundry facilities, plenty of storage for both business and residence.
Restaurant: No.
Residence: Well presented, includes three bedrooms with built-in robes, one bathroom with separate toilet, combined lounge/dining room, kitchen, laundry, large courtyard, shed, carport and large utility/linen room. It adjoins the motel.
Clientele: Repeat business from general and corporate business travelers, holiday makers from a wide catchment.
Rent: $59,000 from settlement with new 25 year lease.