Motel Details

Property Description

South Coast - Freehold

$1,100,000.00

Listing No: 02001FH



Description:Bega - Quiet family motel with large, comfortable well-appointed units catering for singles, couples, families and groups featuring a very roomy, modern residence. Nestled in the beautiful valley in a commercial business centre on the popular South Coast, this attractive property boasts rural views, is 30 minutes away from popular beaches and situated within a short distance to the CBD. The property has been meticulously maintained to a high standard with current owners undertaking complete repainting throughout and this is reflected in the excellent presentation. Frontal position of the motel on a large land parcel lends to future development (STCA) of the remaining block with separate access, at the rear of motel providing the potential for further growth to income on the ever improving turnover. A must to inspect for the first-time buyer, those looking for a lifestyle change or semi retired who are still energetic to operate a small quality motel offering a good home with an income. Immaculate presentation deserves an inspection, call now to arrange an appointment.

Number of Rooms: 13

Construction:Brick & Tile

AAA Rating: 3.5

Year Built: 1980's



Residence: Spacious 3 brm - 2 with built-ins; newly renovated bathroom; ensuite; lounge; kitchen/dining; Adjoining reception; office; laundry & 2 separate storage areas

Restaurant:No but within walking distance to eateries

Services:BBQ; Pool-salt; Spa; Internet access-W/less-$; Cots; Boat & Large Vehicle parking



Figures:

2017 Turnover: $263,000.00

NOP: $167,000.00

NAR: -


2016 Turnover: $238,000.00

NOP: $145,000.00

NAR: -


2015 Turnover: $197,000.00

NOP: $106,000.00

NAR: -

 

 

(NAR : "Net After Rent"       NOP: "Net Operating Profit")

Last Updated: 19 July 2017


Contact: Steve Herington

Mobile: 0408 537 028









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