1203ML - 4 Star Quality Leasehold
This 4 star motel is a great choice for a couple or family - either a first timer or experienced operator. The rooms are all in excellent condition, the grounds are very easy to maintain and the clientele is good quality.
- Modern 4 star motel with further potential.
- 20 rooms of varying configurations.
- Regular trade and rep clientele.
- Large 3 bed, 2 bath residence - suitable for a family.
- Staff in place to ensure ease of operation.
- 70 solar panels installed in June 2017.
- Turnover increasing.
- 21 years on lease- good landlord.
Grafton has major development occuring in the area: a new bridge, new gaol, major highway upgrades - approximately $4.5B of Government infrastructure work. The motels in Grafton will reap the benefits of this work as there are not enough houses to rent in town for workers and staff.
The motel is in close proximity to sporting clubs, local amenities, the railway station, CBD and the river. It has increasing occupancy and loyal guests due to the quality rooms, onsite facilities and the friendly service.
Current long term owners have all systems and staff in place to allow new owners to reap the rewards and make hay while the sun shines.
Don't miss out on your opportunity to cash in on this great buy in a town going places. Private inspections only.
Net profit $216,539 for 2015/16
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1203ML (quote when enquiring)
Location: One of Australia's most beautiful provincial cities, Grafton is renowned for its Jacaranda trees, graceful old buildings, sporting and cultural facilities, and its location on the banks of the Clarence River. As the thriving commercial hub of the Clarence Valley, Grafton has a range of great shopping, award winning restaurants and a smorgasbord of entertainment from the many pubs and clubs. Outdoors, every turn reveals a stunning vista. Manicured gardens glow with seasonal blossoms and, throughout the year, Grafton's stately streets and parks host festivals and community celebrations that attract thousands of visitors.
Property Code: 2084