Industry:
Accommodation
Business Address:
Queanbeyan, Canberra, ACT, 2620, Australia
Click on pics to enlarge.
AD
ID:
B160700007
Asking
Price:
AUD$3,500,000
Rent:
Detail
business type:
Motel
Business
Ph:
After
hours ph:
02 6230 3663
Contact Details
Name:
Mr. Ikebal Patel
Advertising
Nature:
Private Seller
Company
Name:
Phone:
02 6230 3663
Mobile:
0419 418 237
Fax:
Email:
ikebalp@gmail.com
Website:
www.parkwaymotel.com.au
Suburb/State:
Queanbeyan / ACT
Postal Code:
2620
Country:
Australia
Comments:
Features
Motel within the Capital Region For Sale
32 rooms motel with a 3 bedroom manager's residence located in the CBD of Queanbeyan within 10 to 15 minutes drive to the centre of Canberra. The motel has two streets frontage and is located opposite a beautiful park. The facilities includes a full commercial kitchen, commercial laundry as well as guest laundry and established room for a restaurant.
The rooms have been recently renovated with a mix of double, queen, twin, interconnecting, family, deluxe and spa rooms. The owners have been operating this motel for 11 years and been in the motel industry for 16 years and have built the business with good clientele and repeat business. With the close proximity to the capital of Australia as well as the ski fields and the south coast of Australia, there is potential for good growth in business.
Motel is located on 2,813sq meters of land on a corner block and can continue to be operated as a lucrative motel or the site also has potential to be developed into multi storey apartments up to 9 storeys high. The current operators have multiple business interests with with two new start up ventures requiring greater attention and after 15 years in the industry it is felt that the time is right to hand the business over to new owners to be run as a motel or potential property developers.
