Grafton, New South Wales
1585ML - Renovated Leasehold Motel - 30 Year Lease
SOLD
Business Description
- New 30 year lease from settlement with good rent ratio
- 19 updated ground floor rooms
- Salt water pool and minimal groundwork
- Good repeat clientele and solid occupancy
- No food and beverage
- 1 bedroom residence with huge living area
- High profile position on entry to town
- Currently advertised as an adults only motel
- Guests consider this their home away from home
Great motel for a first time operator as most of the hard work has been done. This recently renovated and improving motel is in a strong motel town and has seen improved occupancy and tariffs over the last few years. The current owners have worked tirelessly to update the property and now offer the motel to the market at a very realistic price. Due to the nature of their clientele there is no reason for the motel not to trade consistently for years to come.
Located 2.5 hours to the Gold Coast and only 40 minutes from the coast, Grafton has good infrastructure including an airport and is a solid marketplace for workers, gov. departments, tourists and travellers alike.
So do yourself a favour and make the call today!
Net profit $174,860 for 2017/18
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1585ML (quote when enquiring)
Property Code: 3035
Business Summary
Key Investment Insights
1. New long-term lease: The motel comes with a new 30-year lease from settlement, providing stability and security for the buyer.
2. Recently renovated: The motel has been recently renovated, with 19 updated ground floor rooms, a salt water pool, and minimal groundwork needed. This means the buyer can start operating without having to invest in major renovations or upgrades.
3. Good occupancy and repeat clientele: The motel has a solid occupancy rate and a loyal base of repeat customers, providing a steady stream of income for the new owner.
4. No food and beverage: The motel does not offer food and beverage services, which can be a positive for some buyers as it reduces operating costs and allows for a simpler business model.
5. Spacious residence: The property comes with a 1 bedroom residence with a large living area, providing a comfortable living space for the owner.
6. High profile location: The motel is located in a high profile position on the entry to town, providing visibility and easy access for guests.
7. Adults only: The motel is currently advertised as an adults only property, which can be attractive to a specific demographic of travelers.
8. Home away from home: Guests consider this motel their "home away from home," which can lead to repeat business and positive reviews.
9. Ideal for first-time operator: The motel is a great opportunity for a first-time operator as most of the hard work has already been done by the current owners.
10. Strong market: Grafton is a solid marketplace for workers, government departments, tourists, and travelers, providing a diverse customer base for the motel.
11. Consistent trade: Due to the nature of the clientele, the motel is expected to trade consistently for years to come.
12. Attractive price: The motel is being offered at a realistic price, making it an attractive investment opportunity for buyers.
