FREEHOLD GOING CONCERN - PROVEN PERFORMER. YIELD approximately 20% T/O IN EXCESS OF $800K
. one of the leading motels in its location.
. 29 unit property with a large residence( four bedrooms and three bathrooms). Main bedroom has a renovated ensuite. Large kitchen has new oven and cook top. Double
garage and enclosed yard at the rear. Adjacent to the motel is a four-bedroom accommodation cottage. Ideal for groups and long term stays.
. 2019 Adjusted Net Profit $436 959 with a T/O of $804281. T/O for Covid 2020 $722,569 (only approximately 10% decrease).
. Buy the freehold going concern and sell the lease. It will make a great passive investment.
. You can expect an occupancy in excess of 70%
. Complete with external barbeque areas with garden setting and swimming pool.
. A range of rooms from budget to queen, executive and family suites
. A recent valuation of the property should be favorable for those seeking finance.
Motel InformationRestaurant Facilities: -Liquor Licence: -Restaurant: -Lease: Freehold