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Motel - Leasehold - Waterfront - Profit $2,730 Pw - Lease Until 2035 - Waterfront Location For Sale

Sydney, New South Wales
Asking Price:
$400,000 (AUD)
Sales Revenue:
$364,000 (AUD)
Cash Flow:
$141,960 (AUD)

Motel - leasehold with 19 air conditioned ensuite rooms which provide a wide range of well priced accommodation options - Each room is well equipped with flat screen TV, access to Foxtel and free wifi, as well as frig, microwave and tea / coffee making facilities - A guest laundry is available - The commercial kitchen is suitable for the preparation of continental breakfast and hot meals - Owner accommodation is well provided for with an upper floor front 3 bedroom unit with balcony overlooking expansive water views - Office / reception area easily accessed from residence - A feature of the location is ease of access to town, cafes, boating and beach facilities.

Potential
Re-introduce continental breakfast - Review pricing.

Features
Waterfront location - Strong return clientelle - Close to all amenities - Well priced - Close to large Club - Easy access.

Premises
Two separate 2 storey adjoining brick buildings, completed in 1971 and 1990, which have been recently painted.

Location
Excellent waterfront location in popular large South Coast holiday and business destination with good access from ACT.

Trading Hours
As required

Lease
Current lease commenced 2010 and expires 2035 - -.-.-. Increases.

Employees
2 owners + 1 casual.

Comments

Property Information

Location:

Excellent waterfront location in popular large South Coast holiday and business destination with good access from ACT.

Business Operation

Expansion Potential:

Re-introduce continental breakfast - Review pricing.

Trading hours:

As required

Employees:
2 owners + 1 casual.
Years established:
1971

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