1002MF - Sound Business Plus Capital Growth - Reduced by $200k - Freehold Motel
SOLD
Business Description
This is one of the few 'traditional' Motels left in this very popular tourist destination and the reaction from local and overseas clients on the Motel's web page attests to the laid-back lifestyle it offers.
Although also very suitable to apartment development (STCA) the owner has elected to maintain the lifestyle of a small 16-room Motel that attracts a range of clients from reps to the leisure market.
Only a few metres from the sealed pathway to the waterfront and adjacent to a 'never to be built out' Council Reserve this property is being offered as an excellent business with the added security of redevelopment in the future as long term superannuation for the new owner.
With a 'statutory land value' of $1.56 million and 1,200 m2 of land, this proposition adds-up for a whole bunch reasons.
Net profit $120,871
Contact Warren Sweetman from Tourism Brokers for further information or to arrange an inspection.
1. Traditional motel business with potential for apartment development (STCA)
2. Located in a popular tourist destination with positive reviews from local and overseas clients
3. Laid-back lifestyle for owner
4. 16-room motel attracts a range of clients from reps to leisure market
5. Close proximity to waterfront and adjacent to a 'never to be built out' Council Reserve
6. Added security of potential redevelopment in the future as long term superannuation for new owner
7. Statutory land value of $1.56 million and 1,200 m2 of land
8. Net profit of $120,871
9. Opportunity for further growth and development
10. Contact Warren Sweetman from Tourism Brokers for more information or to arrange an inspection.
