Casino, New South Wales
284MI –Small Investment Only Country Motel
SOLD
Business Description
These are Rare as in this market!
- Tidy 10 room, 3-3.5 star motel in central location
- Closest motel to CBD, shops and restaurants
- New 30 year lease with good quality tenant
- Starting rent of $80 000 with CPI increases
Situated in a quiet and friendly country town this motel has been a consistent trader for many years. The current owner has the lease under contract and is now looking to sell the investment component to coincide with the other sale. The building has been well maintained and the new tenant already has plans to make minor improvements to ensure ongoing future trade.
This would be an ideal superannuation investment as the tenant will pay all outgoings
Call Tony now before it's too late.
Annual Rent: $80,000 plus GST
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 284MI (quote when enquiring)
Location: Set on the banks of the Richmond River, with a population of approximately 12,000, Casino is a thriving rural centre that's renowned for its quality beef production, timber and agriculture and as the rail and freight hub of the far north coast.
Numerous parks and gardens make Casino a picturesque town and the natural beauty of the Richmond Valley is home to many National Parks and a huge variety of bird life. It is 726 km north of Sydney and 228 km south of Brisbane.
With its wide open streets, Art Deco buildings, relaxed, friendly community and exciting potential economic business strategies, Casino is becoming a soughtâ after place to live, work and play. Casino has a fully-fledged hospital, three High Schools, seven Primary Schools, several Pre-Schools and day care centres and two Specialty Schools. Adult education is serviced by ACE and TAFE in Casino and Southern Cross University is a 30 minute drive away.
Sporting facilities are excellent with golf, cricket, rugby league, rugby union, football, tennis, hockey, basketball, baseball all available. There is a 50 metre swimming and two gyms.
Property Code: 2851
Business Summary
Key Investment Insights
1. Tidy 10 room, 3-3.5 star motel in a central location.
2. Closest motel to CBD, shops, and restaurants.
3. New 30-year lease with a good quality tenant.
4. Starting rent of $80,000 with CPI increases.
5. Consistent trader for many years.
6. Well-maintained building.
7. Tenant has plans for minor improvements.
8. Ideal superannuation investment with tenant paying all outgoings.
9. Located in a quiet and friendly country town.
10. Picturesque town with numerous parks and gardens.
11. Natural beauty and variety of bird life in the Richmond Valley.
12. Fully-fledged hospital and educational facilities available.
13. Excellent sporting facilities.
14. Exciting potential for economic business strategies in the area.
