Leasehold

NEW 30 YEAR LEASE OF A HERITAGE MOTEL. 43% YIELD - TAKE A LOOK!

$620,000 +SAV
Area: Bourke Code: LH:JIM:BRM

Features

  • Award winning motel
  • 4 and 3.5 star Industry rated Bed and Breakfast
  • new 30 year lease
  • 23 Units set on 1.25 hectares with absolute river frontage
  • New $30,000 solar system
  • Tesla car charging station
  • 3 bedroom residence (with an ensuite). Large fenced yard for owner’s pets
  • Great location
  • Close to restaurants and shops
  • Wifi, Austar, BBQ and pool area
  • Surplus Land for additional 25 units
  • Township has a large $60 million development approved

Turnover

  • Projected Turnover: 2016/2017: $700,000

Profit

  • Projected Profit: 2016/2017: $265,000