Motel Details

Property Description

Reduced Sale

Riverina / Murray - Leasehold

$230,000.00

Listing No: 01117LH



Description:Wagga Wagga - Located in NSW's largest inland city, on the banks of the Murrumbidgee River in the picturesque, wealthy and bustling Riverina. This all ground floor leasehold offers a solid based business in a well-presented, maintained property although restaurant is currently not in use, allows new operators the possibility for further trade potential if re-opened. Good variety of accommodation with choice of self-contained unit; family rooms, twin rooms, doubles, and singles to cater for all clientele. A large, separate 3 brm residence including garage, carport and private yard provides privacy and comfort for the operators, on separate Lease from the Motel. The close location of the large military base provides constant trade resulting in consistent income on prior years until recent loss of permanent bookings on 6 rooms due to company closure of this clientele showing a drastic drop in annual income however current owners have continued working hard to build a strong repeat clientele base which sees business recovering and efforts paying off returning to former trading history for 2017 and potential for further improvement. Inspection will reveal the high quality of this superb motel. Due to health reasons and family commitments, now further reduced to meet market expectations, providing an excellent purchase opportunity for new operators to benefit from.

Number of Rooms: 18

Construction:Brick and colourbond

AAA Rating: 3.5

Year Built: 1987 approx



Residence: Separate from the motel is this very comfortable, single level family residence with 3 bedrooms, lounge, own kitchen, garage, carport & private yard.

Restaurant:Yes - Licensed however not operating at present

Services:Bbq; Pool; Guest Laundry; DVD Library; Off Street parking Meals: Dinner to units(Mon-Thurs); Breakfast to units



Figures:

2018 (9mths) (TBC) Turnover: $255,000.00

NOP: -

NAR: -


2017 (TBC) Turnover: $382,000.00

NOP: -

NAR: $95,000.00


2016 (TBC) Turnover: $282,000.00

NOP: -

NAR: -

 

 

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

Last Updated: 11 May 2018


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 misstatement of facts, errors or omissions. It is recommended that a purchaser to rely on his or her own enquiries.

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