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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Bill Lee

0418777727
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