Motel Details

Property Description

SOLD

Blue Mountains - Leasehold

Listing No: 01001LH



Description:Oberon-Located in the popular Blue Mountains region, this colonial style, Leasehold motel features 15 all ground floor units and is ideally positioned in a quiet street, only one block back from the main street. The perfect home base for day trips to the various attractions that the area has to offer; the suites are large and comfortable, include newly renovated bathrooms, bed lifters under all Queen beds, and redecorated in recent years. Each of these well-appointed units has their own individually controlled heating along with convenient parking right outside your door. Situated on a large parcel of land being a corner block, along with new signage, provides premium trade exposure and the booking in buttons contributing further to potential income growth has resulted in current owners showing ever improving turnover in business operations year after year. •Conveniently close to in town facilities; •Onsite Key Safe outside reception for afterhours arrivals – extremely useful for motel guests and operators alike; •No evening meals provided but is within a short stroll to Clubs, Pubs and restaurants; •Impressive 4.0 Star presentation and is well-maintained throughout; •Comfortable 2 brm residence; Will not last long on the Market…..This superb Leasehold property ticks all the boxes and with a long Lease in place, offers an excellent purchase opportunity to the astute buyer looking for a home with an income.

Number of Rooms: 15

Construction:Brick & Corrugated Iron

AAA Rating: 4.0

Year Built: 1984



Residence: Adjoining the reception is the comfortable 2 bedroom residence with built-ins, share kitchen, large lounge/dining, bathroom and lockup garage.

Restaurant:No but within walking distance to clubs & cafes.

Services:Bbq; Guest Laundry (share); Cots. Meals: B & B only

EXCLUSIVE AGENTS



Figures:

2018 Turnover: $432,000.00

NOP: -

NAR: $177,000.00


2017 Turnover: $380,000.00

NOP: -

NAR: $145,000.00


2016 (Partial) Turnover: $273,000.00

NOP: -

NAR: -

 

 

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

Last Updated: 10 December 2018


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.

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