Coastal Leasehold Motel ABM ID #1952

  • Coastal Leasehold Motel ABM ID #1952
  • Coastal Leasehold Motel ABM ID #1952
  • Coastal Leasehold Motel ABM ID #1952
  • Coastal Leasehold Motel ABM ID #1952
  • Coastal Leasehold Motel ABM ID #1952
Motel
3.5 star
Leasehold motel that features 13 ground level rooms and made up of 6 standard motel rooms, 1 studio motel room, 1 suite motel room & 5 apartments. The sale includes the managers 2-3 bedroom residence. 
This motel is clean and comfortable and the apartments feature full cooking facilities. All rooms have TV/DVD's & access to wireless internet. BBQ's and a laundry are available for guest use. Room service is also provided for guests. 
The property has neat gardens and off street parking for all rooms. 
The motel accommodates a large number of contract workers from the telecommunications & power industries, corporate & business travellers as well as holiday makers and tourists. It is ideally located within walking distance to the shops and the beach.
It is located on the coast 1/2 way between Melbourne & Adelaide. This is a relaxed seaside town and the ideal place for a "Seachange". 
The region is well known for its outdoor pursuits and water sports.
The vendors are wanting to retire, they currently have 3 casual cleaners. Run by a family, the business could reduce staff levels to maximise returns.
The motel has its own website but can also be found on Facebook and accommodation sites such as Bookings.com and Tripadvisor where it has received excellent reviews from past guests. 
The current lease has 14 years remaining.
SELL Price $260,000

Market Conditions & CompetitionN/A

Financial SummaryN/A

Training & SupportN/A

Reason for SellingN/A

Location State: South Australia Category Hotel/Motel/Accommodation

Weekly Revenue$0 Monthly Revenue$0 Annual RevenueN/A

Contact PersonLeeanne Price$260000 Year EstablishedN/A

Phone07 3106 3811 Cashflow$N/A EmployeesN/A

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