Summary :
OWB Code: JF202110261 - Easy operated Motel - Beach House Accommodation - 14 rooms - Sydney Lower North Shore - Under-management

Locational Details:
The Motel is located in the entertainment district, where near the beach. 5 minutes walk to the local beach.

- Could introduce website.
- Target social media.

As required

5 years + 5 years lease commenced at March 2020; 3 months Bond ; Fix 3% increase;

owner + 1 Manager

About the Business:
The hotel is in an excellent location, on the main street with very convenient public transportation, and only a 6-minute walk from Manly Beach. There are 14 separate rooms with full facilities, including public areas. The hotel has upgraded its security alarm and monitoring equipment recently.

There are more than 8 years lease remaining , very reasonable rent.

Financial situation:
Due to the COVID, the customers are long-term service. The current occupancy rate is 80%, and the monthly rental income is 20,000, which is break even .

The hotel is fully managed by the manager, easy operating , and the most difficult time has passed. It is a good time for investor to step-in.

- All linen is cleaned in well equipped laundry.
- Recent upgrades of alarm and security monitor system and interior painted.

If you are interested in business and would like to know more info, please feel free to contact Jeffrey Via 0405 888 800 for NDA form.