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Motel Leasehold - Pristine Condition In New South Wales For Sale

Dubbo, New South Wales
Asking Price:
$1,400,000 (AUD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$881,000 (AUD)
Cash Flow:
$411,000 (AUD)

Description: As brand new - excellent presentation. 16 Motel Rooms and 5 - 2 Bedroom Apartments

Star Standard: 4 Star

Construction: Single level double brick and tile with double brick wall partitions. Good medium to large units. Well appointed and in excellent condition. Very high standard

Age: Motel 2003 - Apartments 2014

Clientele: Corporate, rep trade, tourist and interstate travellers

Land Area: 3,000m2

Tariffs: Single $135; Double $148; Family (4) $175 Extra Person $15

Chain Affiliation: No

Lease: 31 Years

Rent $186,000 per annum

Laundry: Well equipped - heavy duty equipment. Sheets are hired - remainder owned and laundered on site.

Restaurant: N/A

Services: Room service, reverse cycle air-conditioners, phones in motel, inground salt pool, wireless internet, Foxtel, parking in open courtyard, fire rated.

Turnover: $881,000

Occupancy: 75% approx.

Residence: 3 bedroom with built-ins to master, kitchen, lounge/dining, back office, bath / toilet, private yard, lock-up garage. Lovely 3 bedroom residence over 2 levels. Private courtyard.

Comment: B&B motel with excellent presentation and good highway exposure. Easy stroll to the club - pristine inspection. Fabulous real estate.

Property Information

Real Estate:

Lease

Lease Terms:

31 Years Remaining on the lease.

Leasehold Rent:

$186,000 (AUD) per annum

Living Accommodation:

Large 3 bedroom Residence with own office and kitchen.

Location:

Situated on the Newell Highway.
Dubbo is a popular business, agriculture, rail and medical hub.
It also lies half way between Melbourne and Brisbane making it a very busy stop for travellers on this route.
The motel is close to the Dubbo CBD, the Taronga Western Plains Zoo and a great selection of restaurants, pubs and clubs.

Premises Details:

5 - 2 bedroom apartments, like new, built only 3 years ago, in great condition and of a high standard.
16 Motel Rooms of various configurations, modern, clean and in great condition.

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