Key Investment Insights
AI generated. Confirm details with the seller.
1. The motel has been in operation for 25 years and has never been offered for sale before.
2. The current lease has only 2.75 years remaining, providing potential for various investment options.
3. The buyer can choose to keep the motel as a long-term investment and renegotiate a new lease at expiry.
4. Alternatively, the buyer can sell a new lease at expiry.
5. The motel is in excellent condition with 16 rooms, a 3-bedroom residence, a 40-seat restaurant, a swimming pool, and ample parking.
6. It is located on a highway with good exposure, making it easily accessible for guests.
7. The motel has a consistent trading history, indicating a stable and profitable business.
8. The seller is confident that the first buyer to inspect the property will make a purchase.
9. The annual rent for the property is $206,931, which includes GST.
10. Interested buyers can contact Tourism Brokers for more information or to schedule an inspection.
11. The property ID for this listing is 2509MI, which should be quoted when enquiring.
12. The property code for this listing is 5146.
