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Motel - Leasehold - Under Management - Great location

Business for Sale
Motel - Leasehold - Under Management - Great location
NSW

Motel - Leasehold - Under Management - Newcastle Area - Agent SBX Code Number: CB1265 Motel - leasehold with 17 rooms operating under management. - Ground floor units (10) are furnished to 3.5...

Price $340,000.00

Motel - Leasehold - Under Management - Great location

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Motel - Leasehold - Under Management - Newcastle Area - Agent SBX Code Number: CB1265



Motel - leasehold with 17 rooms operating under management. - Ground floor units (10) are furnished to 3.5 star standard and 7 upper floor units are presented to 4.0 star standard. - All rooms have reverse cycle air conditioning, HDTV, Foxtel, wifi, fridge, micro wave oven and tea/coffee making facilities. - Reception / office is easily accessed, and a commercial grade kitchen is equipped to provide breakfast and room service evening meals, which are available on weekdays. - Guests have access to a saltwater swim pool, with BBQ and seating handy. - Managers residence is upstairs with 2 bedrooms, bathroom and open plan kitchen and living room, with large open deck overlooking lake.



Potential

2 owners would save on wages.



Features

Great location. - Loyal customer base. -Close to all amenities including golf course, hotel and lake and beaches. - Well established. - Attractive pricing.



Premises

Single storey older building of 10 rooms and office/kitchen with later double storey 7 rooms and residence added in 2000.



Location

Prime position with frontage to highway and easy access to lake and surf beaches in popular area South of Newcastle.



Trading Hours

7 days - As required.



Lease

Current lease commenced 2003 and expires 2033 by way of 5 year options. -C.P.I. increases - No bond.



Employees

1 Manager + 2 casuals.



Comments

Income is GST inclusive. - HWS is supplied via Off Peak electricity grid and consists 4 x 250 ltr . separate tanks. Misc. 1 -Towels are cleaned in house with linen outsourced. - Booking engine commission not included in profile. - Booking software is Little Hotelier and phone system is NEC. -Security is covered by CCTV and remote monitoring. -Guests have access to laundry which has 2 washers and 2 dryers both coin operated.



Agent SBX Code Number: CB1265 - Sydney Business Exchange

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SBX Business Brokers
P: 02 9439 4403

Bsale ID: 113920
SBX ID: CB1265




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