1551MF - CASH Cow - Large Freehold at 18% ROI
This has to be the best deal on the far North Coast!
- 31 rooms of varying configurations.
- Stand-alone 3 bedroom house.
- Subdividable block over 4,000 m2
- Great main road presence with an abundance of parking.
- City is alive due to massive Government money injection.
Current owners have done a cosmetic makerover at approximately $70,000 cost to add street appeal to the motel. it is among the largest in town and has plenty of parking options for coaches, trucks and trailers.
As the owner you have the option of where to live - studio apartment, 2 bedroom unit OR a three bedroom house. Yet another example of how this property could suit a working couple or family.
The time is right to put your financials future on notice. Call me now!
Net profit $363,450 for 2016/17 (as provided by owner)
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1551MF (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: 2101
Motel InformationRestaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -