A great opportunity. 43% return on purchase price. New 30 year lease. Proven performance. Prominent main street location.
Easy to run. No restaurant
17 ground floor units
Security fenced pool
3 Bedroom residence
The property is situated in close proximity to all town amenities and has recently undergond an extensive upgrading programme. .
The turnover for the year ended June 2018 amounted to $346,000 with a nett profit after rent and operating expenses of $129,000.
Turnover for the year ended June 2019 is expected to be in excess of $350,000 with a nett in excess of $130,000
Brand new 30 year lease is being offered direct from the owners.
This long established and well known motel offers an incoming lessee a great opportunity to purchase a property with a proven performance, nett return in excess of 43% and a brand new 30 year lease.
For further particulars contact: Bill Lee 0418 777 727
|Price||Great opportunity 43% return|
|Land Area||1 m2|