Key Investment Insights
AI generated. Confirm details with the seller.
1. The property is a passive freehold investment with a yield of 8%, making it a good option for a super fund or as a starter investment.
2. The motel is currently under management and performing well, with a yield of 8%.
3. The prospective new tenants are confident about the business and the condition of the motel, as they already own a lease in the same town.
4. The business performance can be further enhanced by better utilization of search engines and the creation of a website, as the motel currently does not have one.
5. The property comes with a new 30-year lease, showing an adjusted profit of $125,585 and a total turnover of $313,915 in 2019.
6. The rent of $67,000 (CPI indexed) is only 33% of the total adjusted net profit, making it a profitable investment opportunity.
7. The motel has 25 units with a 3.5-star rating, providing a range of accommodation options for guests.
8. The property also includes a large renovated residence with 2 bedrooms, a lounge, family room, and ample storage space.
9. The motel has a 14.5 kW solar system, providing energy efficiency and cost savings for the business.
10. The property also features a large, well-equipped kitchen, allowing for efficient operations and potential for additional revenue streams.
11. The tariffs for the motel range from $95 to $160, providing a diverse range of pricing options for guests.
