South Grafton, New South Wales
QUALITY LEASEHOLD MOTEL - SHORT LEASE
SOLD
Business Description
On offer by EOI is a beautifully presented motel, featuring 20 good sized, high standard rooms plus a fully refurbished 30-seat restaurant and licensed bar (currently not operating or included in the figures). Large 3-bedroom managers residence.
Grafton is seeing excellent growth and is a strong motel town. Home to many annual sporting events and the famous springtime Jacaranda festival Grafton attracts many visitors wanting to explore all the region has to offer.
Selling with 9 years remaining on the lease. Don’t miss this opportunity, call now to book an inspection.
EOI closes 12noon Friday 27 October 2023
- Short lease sale
- Quality property
- Strong repeat business
- Strong regional town
- Good potential upside for owner operator
- Net Profit $203,000
This is a quality motel for someone looking to make good profits at a low buy in price.
Property Code: 1192
Business Summary
Key Investment Insights
1. The motel is located in Grafton, a strong motel town with excellent growth potential.
2. The property features 20 high standard rooms, a fully refurbished 30-seat restaurant and licensed bar (currently not operating or included in the figures), and a large 3-bedroom manager's residence.
3. Grafton is home to many annual sporting events and the famous springtime Jacaranda festival, attracting many visitors to the region.
4. The sale includes 9 years remaining on the lease.
5. The property has a strong repeat business and potential for further growth under an owner-operator.
6. The net profit for the motel is $203,000.
7. This is a quality motel with a low buy-in price, making it a profitable opportunity for a potential buyer.
