Property Description

NEW 30 YEAR LEASEHOLD OF A HERITAGE MOTEL – Net in excess of $6000 per week - Whopping 48% Yield

• 4 and 3.5 star Industry rated Bed and Breakfast with a new 30 year leasehold.
• Property will show a yield of 34.3% UNDER MANAGEMENT (Allowing $90 000 for manager’s wages)
• 23 Units set on 1.25 hectares with absolute river frontage.
• New $30 000 solar system
• Award winning motel - Tesla car charging station
• Single tariffs $129 to $169
• 3 bedroom residence (one with an ensuite). Large fenced yard for owner’s pets
• Great location. Close to restaurants and shops
• Wifi/Austel/BBQ and pool area
• Surplus Land for additional 30 units. DA being approved for additional units plus new residence and laundry

Turnover - $777,268 Adjusted Net - $324,655 Rent $175,000 (only 37.5% of total profit)