Sold

1585MI - Motel Investment at 8.7% ROI

SOLD

  • New 30 year lease for incoming leaseholder
  • Starting figure of $120K rent with CPI increases and market reviews
  • 19 updated ground floor rooms
  • Salt water pool and minimal groundwork
  • Land area approximately 2,574 m2
  • Good repeat clientele and solid occupancy
  • No food and beverage
  • High profile position on entry to town
  • All the hard work has been done
  • Still growth potential for a good operator
  • Guests consider this their home away from home

This is your chance to secure your financial future with this recently renovated and improving motel in a strong motel town. The current owners have worked tirelessly to update the property and having a lease contract are offering the investment motel to the market at a very realistic price.

Grafton is located 3.5 hours to Brisbane and only 40 minutes from the coast with good infrastructure including an airport and is a solid marketplace for workers, government departments, tourists and travellers alike.

This could be the best buy of the summer! So do yourself a favour and make the call today!

Annual Rent $120,000 plus GST

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

Property ID: 1585MI (quote when enquiring)

Price SOLD
Location Grafton
Property ID 1585MI
Category Motel

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