Katherine, Northern Territory
NORTHERN TERRITORY 40 ROOM LEASEHOLD MOTEL FOR SALE SHOWING OVER 48% RETURN!
SOLD
Business Description
As Exclusive Brokers, we are pleased to present the leasehold interest of the Katherine Motel.
Situated in the centre of Katherine CBD, this 40 unit Motel is an absolute money maker.
This property has a very high turnover. With that comes an enviable return of over 48% on your investment.
The Motel is in excellent condition, as is the owner's four bedroom free standing residence. The Motel is complimented by an in-ground saltwater swimming pool.
The Restaurant and Bar have a registered sub lease and the Tenant of the Motel receives an incoming rent of $26,000 per annum. The Tenant is also paying outgoings for the Restaurant and Bar.
The town of Katherine is the fourth largest in the Northern Territory, situated 320 kilometres south-east of Darwin on the beautiful Katherine River. Katherine is often called the 'Crossroads of the North' as it is located on the junction of the Stuart Highway linking with the north and south and the Victoria Highway to Western Australia.
For those looking to make some serious money, this property will offer it all.
Book an inspection NOW.
Business Summary
Key Investment Insights
1. The business for sale is a leasehold motel located in Katherine, Northern Territory.
2. The motel has 40 units and is situated in the centre of Katherine CBD.
3. The property has a high turnover and offers an enviable return of over 48% on investment.
4. The motel is in excellent condition and includes a four bedroom free standing residence for the owner.
5. The property also features an in-ground saltwater swimming pool.
6. The restaurant and bar on the premises have a registered sub lease, with the tenant paying an incoming rent of $26,000 per annum and outgoings.
7. Katherine is the fourth largest town in the Northern Territory, situated on the junction of the Stuart Highway and Victoria Highway.
8. The town is often referred to as the 'Crossroads of the North' due to its location and access to major highways.
9. The property presents a great opportunity for those looking to make a significant profit.
10. Interested buyers are encouraged to book an inspection as soon as possible.
