Freehold Investment Motel, 8.7% ROI - Strong Underlying Business - 1P5187M
SOLD
Business Description
CRE Brokers are pleased to be appointed Exclusive Agents for this Freehold Investment Motel on the Bruce Highway/Pacific Way.
The property presents well. The tenanted property has 22 years remaining on the lease with a strong business attached.
. Well maintained & positioned property in strong regional centre
. Strong business with 14 ground floor room, plus a generous managers residence and back yard
. High 8.7% Return on Investment for the freehold owner, with outgoings paid by tenant
. Rent increases annually to CPI
1. Strong regional location with high visibility on the Bruce Highway/Pacific Way.
2. Long-term lease in place with 22 years remaining.
3. Well-maintained and positioned property with 14 ground floor rooms.
4. Generous manager's residence and backyard.
5. High return on investment of 8.7% for the freehold owner.
6. Tenant responsible for all outgoings.
7. Annual rent increases to CPI.
8. Opportunity for potential growth and expansion of business.
9. Stable and reliable income stream for freehold owner.
10. Ideal for investors looking for a low-risk, high-return investment opportunity.
