EXCITING NEW LEASEHOLD: PROFIT $393,608 - YIELDING 53%!!! LOW RENT - WESTERN AREA
SOLD
Business Description
*2023 Tenants Adjusted Net Profit of $393 608 based on 2023 Tax Return
*2023 Turnover $720 616 Occupancy 61.9% Average room rate $132.90 (ex GST)
* 2023 Rent of $113 636 represents only 22% of total adjusted net profit. Rent is annually CPI adjusted with a rent review after each 5 year option..
*Comfortable 3-bedroom residence, with large lounge and covered outdoor area.
*24 ground unit motel, large reception and swimming pool.
1. Profit of $393,608 based on 2023 Tax Return
2. Yield of 53%
3. Low rent in Western area
4. Tenants Adjusted Net Profit is based on 2023 Tax Return
5. Turnover of $720,616 in 2023
6. Occupancy rate of 61.9%
7. Average room rate of $132.90 (ex GST)
8. Rent of $113,636 represents only 22% of total adjusted net profit
9. Rent is annually CPI adjusted with a rent review after each 5 year option
10. Comfortable 3-bedroom residence with large lounge and covered outdoor area
11. 24 ground unit motel
12. Large reception and swimming pool.
