Karuah, New South Wales
Perfect lifestyle opportunity with additional option of running motel passively | Resort Brokers ID : FH007504
$1,550,000
Business Description
ResortBrokers are excited to present to market this beautiful six-key motel with a two-bedroom apartment in the heart of Karuah, the home of the best oysters on the coast.
This motel presents as a great opportunity for someone looking for an easy-to-operate motel business and to live a relaxed, balanced life in the beautiful coastal town of Karuah.
All rooms have been updated alongside a bright, modern, fully renovated two-bedroom apartment which can be converted to an additional guest room should you wish to run the motel passively.
With high demand in the area and limited accommodation options, this motel runs at high occupancy rates and is the perfect stopover for holidaymakers or workers.
- Easy to operate six-room motel
- Rare opportunity to run the motel passively
- Well-presented and recently upgraded rooms
- Strong repeat bookings
- Cleaning contractors happy to remain in place
- Great work/life balance opportunity
- Rent out the owner's residence for $24,000 extra income
- Back room can be updated for a potential extra key
- Property inspections are by appointment only
Date updated: 01 Dec 2023 00:00:05
Business Summary
Business Snapshot
Price: $1,550,000
Net Profit: $189,242
Key Investment Insights
- Prime location in the heart of Karuah
- High demand in the area with limited accommodation options
- Strong occupancy rates
- Opportunity to increase revenue by converting owner's residence into additional guest room
- Option to run the motel passively
- Easy-to-operate business
- Recently upgraded and well-presented rooms
- Strong repeat bookings
- Great work/life balance opportunity
- Additional potential for extra key with back room renovation
- Cleaning contractors willing to remain in place
ROI Estimate: 12.21%
