Chris: 0438 340 706 Steve Fuller: 0420310500

Leasehold

Leasehold - Huge price reduction due to health reasons. Now Yielding 44% (id: CM JIM)

$495,000 +SAV
Area: NSW Code: LH:CMJIM

Do not hesitate to secure this wonderful opportunity to acquire a mix of motel, studio units and apartments.  

Cherry capital of New South Wales.

Features

  • 22 units of which there are 15 studio units, 6 x 2 bedroom apartments & 1 x 1 bedroom apartment
  • managers residence: 2 bedroom (each with ensuite and built-ins)
  • Sound rental level – only 43% of total net profit
  • Well presented property in great location
  • Steady occupancy and revenue growth for the past 3 years
  • Easy to manage property
  • 24 years remaining on lease
  • For further details contact Jim McDonald: 0433 143 308 Email:jimmcdonald888@bigpond.com

Turnover

  • 2015/2016: $582,349

Profit

  • 2015/2016: $217,000