This easy to run motel has a rapidly improving trading performance and occupancy and a high rate of return business.
18 ground floor units
Solid brick construction
Seperate 4 bedroom & ensuite residence
There are restaurants and hotel in less than 5 minute walking distance from the motel
The motel has a 2019 turnover of $247,500 and a net profit of $130,475 and the trading figures are rapidly improving. Turnover for the 6 months June to December 2019 $195,840 with a nett profit of $134,767. Expected t/over for the year ended June 2020 $320,000 with a nett profit in excess of $200,000
Quality building in good condition throughout. The current owner operators of the motel who are well past retirement age have owned the motel for the past 25 years and wish to retire are keen to sell and will meet the market. A very good motel in a busy motel town.
For further particulars please phone Bill Lee 0418 777 727
|Price||Country Motel Freehold $965,000|