47-53 Bayley Street, Coolgardie, Western Australia

Coolgardie Gold Rush Motels - 1P4688M

FHGC $2,590,000

Property Description

Two separate motels trading as Coolgardie Gold Rush Motels.

This is an outstanding property that has recently undergone a major refurbishment and is located on a main road in a growing town.

The main motel comprises 26 motel units, licenced restaurant and a separate 3 bedroom manager's residence.

The second motel comprises 15 units and a 3 bedroom house. This second motel is used as an overflow for busy periods or for large contracts.

A good proportion of the contract client base is in the Mining, Roads and Pipeline Industries.

The current owners have recently completed roof restoration on the motels and have replaced the three water heaters and installed a new 18kw solar system.

The motel can easily be run under management and affords an excellent opportunity for an owner operator or investor.

Offering a Return on Investment of over 25%, this is definitely worth pursuing.

2019 AHA- Hospitality Awards for Excellence Finalists

Property Summary

Motel Information

Other Features / Notes

A:FREEHOLD GOING CONCERN, B:MOTEL
Marketing Agent
Phil Mammolito
Phil Mammolito

Listing location
Gallery

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