Chris: 0438 340 706 Steve Fuller: 0420310500

Leasehold

Exclusive

Excellent Motel Lease - perfect for 1st time buyer - Lots of upside... take a look! (ID:LH:AMW)

$225,000 wiwo
Area: Warwick QLD Code: LH:AMW

 

SELLING AT A 37.5% YIELD (average NET Profit of 14/15, 15/16 & 16/17)

Features

  • 18 rooms
  • 8 rooms have been completely refurbished
  • Fixtures and fittings have been pre-purchased to complete remaining rooms
  • 25 years on Lease
  • 4 bedroom owners residence
  • Great location on main road
  • 3.5 Star standard
  • Excellent Landlord

Turnover

  • 2014/2015: $321,324
  • 2015/2016: $350,742
  • 2016/2017: $308,506
  • RENT: $81,000 + GST

Profit

  • 2014/2015: $81,177
  • 2015/2016: $100,393
  • 2016/2017: $72,199