Manenti Quinlan & Associates has been exclusively appointed to market the freehold going-concern interest of Bankstown Motel 10 in Sydney’s thriving urban renewal corridor.
Bankstown Motel 10 offers deluxe 4-star accommodation across 31 large, as-new rooms. The boutique motel was constructed in 1985, then expanded and completely refurbished in 2015/16. It presents as a modern, 3-level building with excellent street appeal.
The property is centrally located to service the Chullora, Lidcombe, Bankstown Airport, Canterbury Bankstown and Sydney Olympic Park areas. With a large footprint of more than 1,750m2 and dual street frontages (including an impressive 46m frontage on the busy Hume Highway), the motel is a popular choice with corporate travellers. It’s adjacent to Chullora Business Park, just 5 minutes from Bankstown city centre and a 15-minute drive to Sydney Olympic Park.
“This is an unbeatable opportunity for a savvy investor to purchase a modern and exceptionally well-presented motel in a designated growth corridor. It’s rare for a property of this standard to become available in the Sydney area,” said Manenti Quinlan’s Ray Larkin.
“Occupancy rates and turnover were significantly affected by COVID-19; however, over the last 12 months, both revenue and occupancy have returned to pre-pandemic levels. Bankstown Motel 10 is a genuine turnkey opportunity with vendors motivated to sell,” said Larkin.
The City of Canterbury Bankstown’s population is expected to grow 15.5% over the next 14 years, with a forecast population of more than 460,000 by 2036. As a designated urban renewal corridor, the NSW Government is investing heavily in the area to create a dynamic employment and business location with strong transport links. The renewal project will deliver 35,400 new homes and 8,700 local jobs over the next 15 years.
Bankstown Motel 10 offers queen, standard/deluxe twin and large family rooms, sleeping up to six guests. All rooms have air conditioning, heating, complimentary wireless broadband and Foxtel TV, and onsite parking. The current owners oversee the motel’s management, with the business operated by staff day-to-day.
“The business is straightforward to run while offering plenty of scope to improve. Bankstown Motel 10 offers the best quality and value accommodation in the area by far and will impress even the most fastidious buyer,” said Larkin.
Expressions of interest close at 5pm on Friday, 4 August 2023.
To request a copy of the Information Memorandum please contact Ray Larkin of Manenti Quinlan & Associates via the contact details below.