Motel Details

Property Description

North Coast - Leasehold

$389,000.00

Listing No: 01560LH



Description:Karuah-Located 2 hours from Sydney with easy access to the Freeway and 20 mins to Newcastle Airport, this well-presented, 14 Unit, all ground floor motel offers a great mix of accommodation types including King rooms and family rooms; is beautifully maintained to a high standard with recent refurbishments and bathroom renovations carried out plus the highway frontage provides excellent trade exposure. Very highly sought-after region, this B&B business is easy to operate with Breakfasts only so no evening meals and is within a short stroll to shops and the RSL Club. Centrally positioned to Newcastle, the Hunter Valley, Myall Lakes & Port Stephens makes this superb property an ideal home base when exploring the tourist regions. Long Lease in place and a spacious 3 brm residence completes the package presenting the perfect Leasehold purchase opportunity.

Number of Rooms: 14

Construction:Brick & Tile

AAA Rating: 3.5 Self-Rated

Year Built: 1979



Residence: Adjoining reception, this larger than average motel residence features 3 brms with built-ins; kitchen, large lounge/dining, bath/toilet, storeroom, carport.

Restaurant:No but within walking distance to Club & eateries

Services:Bbq; Licensed; Parking at door Meals: Breakfasts only (no evening meals)



Figures:

2018 Turnover: $298,000.00

NOP: -

NAR: $117,000.00


2017 Turnover: $289,000.00

NOP: -

NAR: $112,000.00


2016 Turnover: $290,000.00

NOP: -

NAR: $96,000.00

 

 

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

Last Updated: 13 November 2018


Contact: Steve Herington

Mobile: 0408 537 028









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