Motel Details

Property Description

Capital Country - Freehold

$2,675,000.00

Listing No: 02599FH



Description:Queanbeyan - "The Short Stay Specialist!".... Location; Presentation; Well-established; Convenience; Splendid operator's accommodation - this property has it all. Well positioned, set in a lovely, serene garden environment that's within walking distance to Bowling Club, 7 mins to CBD, 10km East of Canberra City or 12 mins by car to Parliament House, 3hrs to Sydney and 2 hours to the coast. An excellent property that features 19 all ground floor, self-contained units which vendors have upgraded to a high standard with new paintwork throughout; modern appointments and newly installed kitchens in each so no meal preparations. The complex is run as both serviced apartments and motel, ensuring an easy to run enterprise. The villas have all been upgraded with all inclusions in very good order. This property represents an excellent opportunity for a purchaser to acquire an established accommodation business in a Capital City. At present the Canberra economy is very buoyant, offering a good opportunity for capital growth. There are currently excellent growth prospects for Queanbeyan and Canberra , with new suburbs under construction, Canberra Airport commencing International flights, and the re-development of the Northbourne Avenue corridor due to the light rail Donít miss out on this one. Call now for inspection

Number of Rooms: 19

Construction:Timber & Metal

AAA Rating: 3.5 Self-Rated

Year Built: 1975 approx



Residence: Spacious 3 Bedroom Residence conveniently located behind reception with 2 bathrooms; own kitchen; private outside deck area; garage and 2 space u/cover car parking

Restaurant:No but within walking distance to Cafes & Restaurant

Services:Bbq; Guest Laundry; Onsite parking Meals: N/A; Units self-contained



Figures:

2017 (projected) Turnover: $450,000.00

NOP: $300,000.00

NAR: -


2016 (TBC) Turnover: $370,000.00

NOP: $250,000.00

NAR: -


2015 Turnover: $361,000.00

NOP: $238,000.00

NAR: -

 

 

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

Last Updated: 20 July 2017


Contact: Steve Herington

Mobile: 0408 537 028









Disclaimer: Every effort has been made to provide accurate information as possible. However, New South Wales Motel Brokers is not responsible for misstatement of facts, errors or omissions. It is recommended that a purchaser to rely on his or her own enquiries.

NSW Motel Brokers - Motels For Sale : With over 20 years in tourism, accommodation & hospitality industry - benefit from our experience