Grafton, New South Wales

NSW NORTH COAST - 25 ROOM LEASEHOLD MOTEL

SOLD

Business Description

EXCLUSIVE AGENTS

On offer is this excellent motel in the very strong NSW North Coast town of Grafton. Featuring 25 rooms of various configuration plus a 70-seat restaurant and licensed bar. As a bonus to the existing business the current owners choose to reside in a 5-bedroom apartment which can be split into a 3br and 2br self-contained apartments and let out to generate additional profits. There is a 2-bedroom mangers unit attached to reception.

- Selling at a 37% Return On Investment

- Excellent rent to net profit ratio

- Large motel 25 room with a potential BONUS of 2 self contained units to add to profits

- Excellent location for a pet freindly motel

Grafton is seeing excellent growth and is a strong motel town. Home to many annual sporting events and the famous springtime Jacaranda festival, Grafton attracts many visitors wanting to explore all the region has to offer.

After 17 years operating the business, the vendors have decided to retire and have priced the business to sell.

Don’t miss this opportunity, call now to book an inspection.

Loctaion

The Motel is in the thriving NSW North Coast town of Grafton. The motel is well located on the main road into Grafton from the northern exit of the Pacific Hwy. Only 3 ½ hours to Brisbane and 6 ½ hours to Sydney and at the end of the Gwydir Hwy from the west. Grafton is a regular stopping point for Business travellers and those holidaying along the NSW and QLD coasts.

Property Code: 165

Business Summary