Motel Details

Property Description

North Coast - Leasehold

$590,000.00

Listing No: 01076LH



Description:Kempsey-Halfway between Sydney and Brisbane, this attractive, easy to operate, all ground floor motel is located on the beautiful Mid-North coast and situated at the end of a glorious tree lined drive off the main road through town. Set amongst extensive native gardens and offering picturesque River views, the Motel has three wings containing quality standard rooms and deluxe rooms to cater for all types of traveller. Also features 2 river view rooms with balconies overlooking the Macleay River providing spectacular sunsets for guests to enjoy. Chargeback and room service is available from the local Hotel and is within a short walk to nearby popular fast food chains and Supermarket. Very good presentation throughout this excellent property with partially outsourced laundry and without onsite restaurant is a basic operation easily managed by an owner operator with some supporting casual staff. Inspections are highly recommended and will reveal the quality of this motel. With a large, comfortable residence and a long lease in place being offered as a 30 year term on purchase, this property presents the perfect opportunity for the astute business buyer to stake their claim on a home with an income.

Number of Rooms: 25

Construction:Concrete Block & Tile

AAA Rating: 3.5

Year Built: 1970's; 1980's



Residence: Large, modernised, colonial era homestead with three bedrooms, dining room and two lounge rooms; Large private back yard and covered patio; Triple lock up garage and workshop/shed; Attached to spacious Reception/Front Office and Guest Toilet

Restaurant:No but within walking distance to eateries; shops & Hotel

Services:Barbeque Gazebo; Pool; Cot/s-$; Guest Laundry; Long bay parking Meals: Charge back available; Dinner to units



Figures:

Calendar 12 mths (TBC) Turnover: $572,000.00

NOP: -

NAR: $170,000.00


2016 Turnover: $620,000.00

NOP: -

NAR: -


2015 Turnover: $688,000.00

NOP: -

NAR: -

 

 

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

Last Updated: 03 November 2017


Contact: Steve Herington

Mobile: 0408 537 028









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