Leasehold

   SOLD

35.2% YIELD! Lots of opportunity for motivated Lessee to improve & grow business! (ID:LH GHW)

Area: Warwick Code: ID: LH:GHW

Features

  • Rent held for 2 years
  • 17 large well kept rooms
  • 25 years on Lease
  • Large split level 3 bedroom managers residence (split level)
  • Good sized semi-commercial kitchen
  • Adjoining reception
  • 3.5 Star AAA rated
  • Wifi
  • Motel Sales Specialist have been appointed exclusive Agents to sell the Leasehold investment of the Golden Harvest Motel. This very neat and clean Motel is perfect for a motivated coupe ready to improve the business. Recently refurbished the motel rooms require very little enhancements. The Landlord has agreed to invest some money back into the Motel to improve the street appeal aspect of the property. Opportunity awaits! Contact us NOW!!!!

Turnover

  • 1st July 2015 to 31st March 2016: $172,148 (9 months)
  • Projection for 15/16: $230,000

Profit

  • Projection 15/16: $60,000