2003MF - Solid Income Earner in the Middle of Town
- Rare 10-unit boutique motel in the middle of a great township.
- Better than 16.5% Net on asking.
- Solid income earner with a fantastic upside.
- Position, Position, Position, this one has it all for a budget price.
- Located in a quiet area of the CBD and is a short walk to local restaurants and hotels.
- Motel has been completely refurbished of recent times and is ready for the new owners.
- All modern tiling throughout, modern bathrooms, modern cabinets and vanities, modern plasma televisions and the paint quality is outstanding through-out.
- Current owners have operated for the last few years and wish to retire.
- Can be run easily by a couple as it is the perfect business for either self-operated or as an investment for the owner to employ managers.
- A high-quality property with a good mix of corporate and local clients as well as passing trade.
- The air-conditioned residence offers two bedrooms, large lounge room, built-in robes, main bathroom and shared commercial kitchen. The residence adjoins the motel and has direct access to reception.
Net Profit: $157,663 for 2017/18 (as provided by vendor)
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2003MF (quote when enquiring)
Property Code: 2834
Motel InformationRestaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -