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North Coast - Freehold
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$950,000.00 |
Listing No: 01192FH |
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Description:This property would have to be noticeably, the "best value for money" on the Mid North Coast. Offered at "well below replacement value", this 21 unit motel on 5 acres with large three bedroom residence, highway frontage and is located in a major centre on the Mid North Coast. With the soon to begin construction of a major tourist attraction, currently Government funded in excess of $6.0 mill to be built opposite this motel, and planned opening in 2011. This will show an obvious increase in trade to the property and a potential increase in income. Highway changes will also make this property the first motel approached, when the by pass is complete. Superb purchase opportunity not to be missed with inspection of a High Standard.
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Number of Rooms: Available on request |
Construction:Brick Cladded & Cliplock tiles |
AAA Rating: 3.5 |
Year Built: Mid 1970's |
Residence: Extra large 3 brm with ensuite and 2 way bathroom located on the 2nd level giving lush bushland views over the property.
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Restaurant:Yes – Licenced 7 days a week and as required by patrons |
Services:Bbq; Conference facilities; Cot/s - $; Washing Machine; Dryer; Pool. |
Meals: Restaurant; Room service |
Figures: |
2010 projected Turnover:
$320,000.00
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NOP:
$190,000.00
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NAR:
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Turnover:
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NOP:
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NAR:
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Turnover:
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NOP:
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NAR:
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(NAR : "Net After Rent" NOP: "Net Operating Profit")
Last Updated: 18 March 2010
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 mis-statement of facts, errors or omissions. It is recommended that a purchaser to rely on his or her own enquries.
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