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NSW
Sold on 24 Jul 2023

NSW

  • Hotel, Motel, Pub & Leisure
  • 1 m²
  • Sold

MOTEL PASSIVE INVESTMENT FOR SALE - REGIONAL CITY MOTOR INN & FUNCTION CENTRE

    Description: Regional City Motor Inn & Function Centre on large 3.57Ha (approx.) of landscaped grounds. Meticulously maintained and recently renovated, the property enjoys a four star boutique standard.

    Star Standard: 4 star

    Construction: Single level brick and timber construction with tile and corrugated iron roof and timber and brick partitions. Excellent condition and well maintained. Variation of unit and bathroom sizes. Many rooms have recently been refurbished and are beautifully appointed. All rooms present to a high standard.

    Manager's Residence: Located in the main building.

    Age: Built 1860 1980 approx.

    Clientele: Corporate reps, trade workers, passing trade, tourists, country visitors.

    Land Area: 3.57Ha approx.

    Chain Affiliation: N/A

    Lease: Start date - 01.05.2022; 5x5 years; Annual increase CPI

    Rent: $158,250 per annum (excl GST)

    Laundry: Commercial laundry. Operator owns all equipment.

    Restaurant: Yes currently operates for breakfast only.

    Services: Reverse cycle air-conditioning, BBQ, tennis court, volleyball court, fire rated.

    Comment: Magnificent rural estate style motel located in a major New England educational centre. Large area available for expansion. Inspection recommended. You will not be disappointed.

    MQ Property ID:
    7575187

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    Manenti Quinlan & Associates
    Manenti Quinlan & Associates
    Suite 101, Level 1, 74-76 Burwood Road
    Burwood, NSW 2134

    Property Highlights

    Date Sold24 Jul 2023
    Floor Area1 m²
    Land Area3.57 ha
    ParkingOn site parking available
    Building TypeWhole building
    Property ID2018538640
    Category
    Last updated  1 Aug 2023
    Map for NSW
    Manenti Quinlan & Associates
    Manenti Quinlan & Associates
    Suite 101, Level 1, 74-76 Burwood Road
    Burwood, NSW 2134

    Property Highlights

    Date Sold24 Jul 2023
    Floor Area1 m²
    Land Area3.57 ha
    ParkingOn site parking available
    Building TypeWhole building
    Property ID2018538640
    Category
    Last updated  1 Aug 2023

    Co-Agents

    Ray Larkin
    Manenti Quinlan & Associates
    Call
    0407 220 116
    Malcolm Mathie
    Manenti Quinlan & Associates
    Call
    0417 254 395

    More about NSW

    NSW is categorized as Hotel, Motel, Pub & Leisure Property. It has a floor area of 1 m² and a land area of 3.57 ha. The listing ID for this property is 2018538640.

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