Motel Leasehold For Sale - Riverina Region NSW

Description: Town centre workers motel with excellent year round occupancy. Future looks very strong for this region.

Star Standard: 3 Star

Lease Term: 21 Years to March 2046

Rent: $132,000 Per Annum (as advised by Tenant)

Turnover: 2023/24 $720,872.57; 2022/23 $1,203,170.55; 21/22 $539,864.71

Occupancy: 60%

Construction: Single storey besser block construction with besser block partitions and tin roof. Good condition for age. Presents well.

Interior Description: Medium sized units with average sized bathrooms. Fittout to suit the mining and trade workers.

Residence: 3 bedroom (1 with built-in wardrobe), lounge, dining, bathroom, 2 toilets, own kitchen, private yard, carport

Age: Built 1973 / 75 / 78

Clientele: Mining and trade workers, tourists, passing trade

Tariffs: Single From $109; Double From $109; Family from $159

Chain Affiliation: N/A

Restaurant: Yes - Not Used

Laundry: Commercial Washers & Dryers; Guest Laundry

Services: Room Service; Air-conditioned; Undercover Parking; Pool; Barbecue; Foxtel; Wi-fi; fire Rating.

Comment: Genuine vendor. Offering a solid 30% yield on your investment.
Trade for five years and be in a position to expand to the next level. Priced to sell.

MQ Property ID:
1P2825