Grafton, New South Wales

1203ML - QUALITY REGIONAL LEASEHOLD AT 50% + ROI

LEASEHOLD $398,000 ONO

Property Description

Don’t miss out on this unbelievable opportunity as the current long-term owners are relocating to be with family for their retirement. Their bags are packed, and they are ready to do a deal today!

- On offer is a well maintained, clean property with 20 modern rooms.

- Undercover carparking and plenty of storage.

- Regular trade and rep clientele.

- Large upstairs three bedroom, two bath residence, separate to the office for privacy.

- 70 solar panels reducing running costs.

- Good landlord and negotiable lease options for a serious buyer.

This North Coast motel is one of the better properties in town. Due to its location, residence size and the excellent schooling and sporting options available in Grafton, this would be a great choice for a couple or a family relocating to the country for quality of life.

The motel rooms are all in excellent condition, the grounds require minimal work, and the clientele is good quality.

Like to cook and thought you’d like your own Youtube show? Well, here is your chance to try it without the expense of set up costs. There is a fully equipped commercial kitchen attached to the motel just ready to be utilised by the budding chef OR use it as your own sanctuary to make jams, relishes preserves. etc. Alternately, it could be sub leased to an external operator to offset the rent. The choice is yours as the lease does not insist on a restaurant being open.

Yes, numbers are down the last few months due to travel restrictions and the retiring vendors motivation BUT the motel did show an improvement in the 2020 financial year figures compared to the 2019 financial year.

The long-term owners have all systems and staff in place to allow enthusiastic new owners to reap the rewards and have a very comfortable life as a motelier.

Private inspections only. The owners are ready to negotiate so don’t waste time and enquire today!

Net profit $236,994 for 2019/20

Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.

Property ID: 1203ML (quote when enquiring)

Location: One of Australia's most beautiful provincial cities, Grafton is renowned for its Jacaranda trees, graceful old buildings, sporting and cultural facilities, and its location on the banks of the Clarence River. As the thriving commercial hub of the Clarence Valley, Grafton has a range of great shopping, award winning restaurants and a smorgasbord of entertainment from the many pubs and clubs. Outdoors, every turn reveals a stunning vista. Manicured gardens glow with seasonal blossoms and, throughout the year, Grafton's stately streets and parks host festivals and community celebrations that attract thousands of visitors.

Property Code: 3045

Property Summary

Motel Information

Marketing Agent
Tony Johnson
Tony Johnson

Listing location
Gallery

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