1585ML - Renovated Leasehold Motel - 30 Year Lease

SOLD

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)

Price	SOLD
Location	Grafton
Property ID	1585ML
Category

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