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)
2018 Turnover: $298,000.00
2017 Turnover: $289,000.00
2016 Turnover: $290,000.00
(NAR : "Net After Rent" NOP: "Net Operating Profit")
Last Updated: 13 November 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.