Bourke, New South Wales

NEW 30 YEAR LEASEHOLD OF A HERITAGE MOTEL – Net in excess of $6000 per week - Whopping 48% Yield

SOLD

Business Description

• 4 and 3.5 star Industry rated Bed and Breakfast with a new 30 year leasehold.
• Property will show a yield of 34.3% UNDER MANAGEMENT (Allowing $90 000 for manager’s wages)
• 23 Units set on 1.25 hectares with absolute river frontage.
• New $30 000 solar system
• Award winning motel - Tesla car charging station
• Single tariffs $129 to $169
• 3 bedroom residence (one with an ensuite). Large fenced yard for owner’s pets
• Great location. Close to restaurants and shops
• Wifi/Austel/BBQ and pool area
• Surplus Land for additional 30 units. DA being approved for additional units plus new residence and laundry

Turnover - $777,268 Adjusted Net - $324,655 Rent $175,000 (only 37.5% of total profit)

Business Summary

Business Snapshot

Price: SOLD Net Profit: $324,655

Motel Information

Total Rooms: 23Stars: 4Sale Type: LeaseholdLease Term: 30 years
Marketing Agent
Jim McDonald
Jim McDonald

Jim McDonald Brokers

Jim McDonald Brokers

Key Investment Insights

Key Insights:

1. The motel has a new 30 year leasehold, providing long-term stability for the business.

2. The property has a high yield of 34.3% under management, even after allowing for manager's wages.

3. The motel has 23 units set on 1.25 hectares with absolute river frontage, providing a unique and attractive setting for guests.

4. A new $30,000 solar system has been installed, potentially reducing operating costs and increasing profitability.

5. The motel has won awards and has a Tesla car charging station, indicating a high level of quality and appeal to guests.

6. Single tariffs range from $129 to $169, providing a range of options for guests and potentially increasing revenue.

7. The owner's residence includes 3 bedrooms and a large fenced yard for pets, providing a comfortable living space for the owners.

8. The location of the motel is close to restaurants and shops, making it convenient for guests and potentially attracting more business.

9. The motel offers amenities such as Wifi, Austel, BBQ, and a pool area, providing added value for guests.

10. There is surplus land for potential expansion, with a DA being approved for additional units, a new residence, and laundry facilities, providing potential for future growth and increased revenue.

11. The turnover for the business is $777,268, with an adjusted net profit of $324,655.

12. The rent is only 37.5% of the total profit, indicating a strong return on investment for the new owner.

ROI Estimate: 49.57%

Listing location
Gallery

This Business is sold

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Motels For Sale

You may also like

GREENHEAD CARAVAN PARK
High Net $144,737 Few Hours Simple Work - ID 8997
West End & Highgate Hill Business Only's - First in Best Dressed in 4101
Popular Tourist Town, Fully Renovated Freehold Hotel, Large Guest House  - 127HL
Fully Renovated Freehold Hotel with Large Guest House in Popular Tourist Town - 127HF
Only Supervisory Role, Salary High 400 K with Huge Income Upsize Potential - ID 8532
CAPTIVATING CAIRNS - TOP CHOICE SHORT-STAY MANAGEMENT RIGHTS WITH NET $462K+ | Resort Brokers ID : MR008459
Syndicate Investment Opportunity – Starting ROE 25% Targeting 35%
Very Affordable Management Rights Business plus Managers Apartment in fabulous Airlie Beach
ESTABLISHED BUSINESS ONLY COMPLEX IN 'THE GABBA' WITH SHORT-TERM LETTING OPTION! | Resort Brokers ID : MRB008446
HUGE 19% ROI - Substantial price reduction - Incredible investment - Blue chip location
Excellent 15% ROI, vibrant lifestyle, prime location, unlimited potential
Multiple Income Stream Freehold Going Concern in the Granite Belt | Resort Brokers ID : FH008398
Rare 5 Star Hotel | Offering Villa Howden Hotel
Gilligan’s Resort
Location! Simply! No Live-onsite Requirement!
Prime Investment: Busy motel on 1 acre near Yamba CBD | Resort Brokers ID : FH008458
BOUTIQUE SHORT-STAY MR IN PRIME SOUTH BRISBANE LOCATION | Resort Brokers ID : MRB008454