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1585ML - Renovated Leasehold Motel - 30 Year Lease

GRAFTON NSW, 2460

Sold

Property Sold in GRAFTON NSW, 2460

Tourism Brokers

34 Lamorna Avenue , Beecroft, NSW 2119

Listing ID:
11335001
Status:
Sold
Price:
SOLD
Last Updated:
03/10/2019
Icon building

Property Type

Hotel/Leisure
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Land Area

N/A
Icon size

Floor Area

1 SQM
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Parking

N/A

1585ML - Renovated Leasehold Motel - 30 Year Lease

- New 30 year lease from settlement with good rent ratio

- 19 updated ground floor rooms

- Salt water pool and minimal groundwork

- Good repeat clientele and solid occupancy

- No food and beverage

- 1 bedroom residence with huge living area

- High profile position on entry to town

- Currently advertised as an adults only motel

- Guests consider this their home away from home

Great motel for a first time operator as most of the hard work has been done. This recently renovated and improving motel is in a strong motel town and has seen improved occupancy and tariffs over the last few years. The current owners have worked tirelessly to update the property and now offer the motel to the market at a very realistic price. Due to the nature of their clientele there is no reason for the motel not to trade consistently for years to come.

Located 2.5 hours to the Gold Coast and only 40 minutes from the coast, Grafton has good infrastructure including an airport and is a solid marketplace for workers, gov. departments, tourists and travellers alike.

So do yourself a favour and make the call today!

Net profit $174,860 for 2017/18

Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.

Property ID: 1585ML (quote when enquiring)

Property Code: 3036

For more details, please email agent

Tourism Brokers

34 Lamorna Avenue , Beecroft, NSW 2119


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