Key Investment Insights
AI generated. Confirm details with the seller.
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.