This very popular motel occupies a prominent position in the main street of a very busy country town.
Under cover parking
This motel is very clean, neat and well presented and 15 of the units and the residence are only 3 years old.
The motel has a very high rate of return business and an occupancy rate of 75% ,
Average turnover for the last 2 years $750,000. Average nett profit last 2 years $280,000
Current 6 month turnover July to December 2020 $540,000 with a 6 month nett profit of $240,000. Expected 2021 Nett PROFIT $360,000 or 45% Return
There are 29 years remaining the lease
The motel is a 3 minute walk to hotels, restaurants, café and the business centre of town.
An outstanding motel with a very long lease showing exceptional returns.
For further particulars on this motel phone Bill Lee 0418 777 727
|Price||Expected 2021 Nett PROFIT $360,000 or 45% Return|