Capital Country - Leasehold

$480,000.00

Listing No: 01797LH

Description:Located in a charming and vibrant town, this well presented motel is situated 3 hours from Sydney and only 40 mins to Canberra. Set in delightful park-like gardens, this property offers a choice of accommodation with economy, Standard, Courtyard (newly refurbished) and 2 bedroom units available. Conveniently located just a short stroll over the bridge to the shops, cafés and clubs or savour the B & B experience, enjoy a delicious freshly cooked breakfast or dinner delivered to your room. Current owners have carried out extensive renovations and refurbishment to the property and have, due to family circumstances, reluctantly put forth for leasehold sale. With additional furniture provided to continue with the ongoing upgrade of the property, the potential purchasers could now benefit from the current owners improved income. Superb value motel with long lease on offer.

Number of Rooms: Available on request

Construction:Brick; Colourbond

AAA Rating: 3.0 (Prior star rating)

Year Built: Single level – Late 60’s

Residence: Comfortable 2 brm residence with 2 bathrooms

Restaurant:No but within walking distance

Services:Bbq; Internet access; Cots; Guest Laundry; On site parking

Meals: B/fast & Dinner to Units; Room service

Figures:
2010 Turnover: $480,000.00	NOP: -	NAR: $174,000.00
2009 Turnover: $400,000.00	NOP: -	NAR: -
Turnover: -	NOP: -	NAR: -

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

Last Updated: 01 September 2010

Contact: Steve Herington

Mobile: 0408 537 028

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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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