New 30 year Motel Lease $300,000
A great opportunity. 43% return on purchase price. New 30 year lease. Proven performance. Prominent main street location.
Easy to run. No restaurant
Comprising:
17 ground floor units
Motel reception
Security fenced pool
BBQ area
3 Bedroom residence
undercover parking
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
| State | QLD |
|---|---|
| Price | Great opportunity 43% return |
| Property Type | Commercial |
| Property ID | 294 |
| Category | Hotel/Leisure |
| Land Area | 1 m2 |
| Office Area | 1m2 |
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