Taree, New South Wales
Low Rent & Highly Profitable Mid North Coast Leasehold Motel - 22 Rooms - $323,000 profit - 1P5349M
CRE Brokers are proud to have been appointed exclusive marketing agents for the sale of the Highway Motor Inn at Taree. The vendors have taken enormous pride in the property with a strong attention to detail in the many improvements and renovations undertaken.
Located only 1km north of the Town Centre and walking distance to restaurants, cinema, sporting fields. The Motel backs onto the beautiful Manning River.
Outstanding Rent to Sales Ratio = Huge Profits. The annual rent is extremely low comparative to the majority of Motels in the area.
Regular customers include corporate sales reps, blue collar workers, sporting groups, seniors and group travellers with amply parking for coaches and trucks.
This property is a must to inspect. The new operator will capitalise on the extensive work completed and the outstanding financial results that has yielded.
Other Features / Notes
A:LEASEHOLD, B:MOTEL, C:NSW - North Coast