AFFORDABLE FREEHOLD WITH UPSIDE - 566MF

FREEHOLD $1,150,000

  • 12 room Freehold all ground floor.
  • Busy highway position.
  • Under cover parking outside every room.
  • 1.3 km to city centre.
  • Land size 4,000 m2 plus - sufficient unused land for expansion (see previous DA STCA).
  • All new hot water systems.
  • 70 solar panels, expandable.
  • Simplified business operation with upside.
  • Potential upside from F&B, IT, reviews and marketing.

 

Family of three operated freehold motel business with upside opportunities for energetic or experienced operator. This tidy business can run with a team of three or a couple and one casual.

 

It’s a simple motel operation without pool, food, or alcohol, and includes extra land space onsite to add more units (see previous DA - STCA).

 

An excellent opportunity for the right owner. Currently showing 14% return.

 

Net Profit: $128,249 for 2022/23 (as provided by vendor)

 

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

Property ID: 566MF (quote when enquiring)

Price FREEHOLD $1,150,000
Location Glen Innes
Property ID 566MF
Category Motel

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