Taree, New South Wales

33 Year Leasehold, Refurbished 28 Rooms in Thriving Motel Town! | Resort Brokers ID : LH006811

$675,000

Property Description

With a 40% + ROI this business has consistency of trade since being refurbished across the board. If you are looking for a leasehold property priced to market with upside, than look no further.



  • High repeat corporateand trade guest rate

  • Onsite restaurant ‘33 on Main’ has a fully renovated kitchen, dining area, and small bar to facilitateconferences/meetings

  • Large 28 rooms all refurbished with NEW smart TVs, beds, lounges, dining tables and chairs, blinds, fridges and microwaves

  • Long term 33 year lease with massive 40+% ROI

  • Prime main street CBD location

  • Owner's residence includes large open living and dining, 2 bedrooms, 1 bathroom, with option of 3 bedrooms if required

  • Complete property renovations include: painting to all exterior areas, roof professionally cleaned, 2,000L water tank, 6 air conditioners, new pool saltwater chlorinator, BBQ, and camera surveillance installed

  • Property inspections are by appointment only

Date updated: 15 Sep 2021 23:00:07

Property Summary

Business Snapshot

Price: $675,000 Net Profit: $296,416

Motel Information

Marketing Agent
Resort Brokers
Resort Brokers

Listing location
Gallery

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