Leasehold

   SOLD

Well maintained 4 star property only 25 minutes to the coast (ID:LH KL)

Area: Maryborough Code: LH KL

Features

  • Price has been reduced for quick sale (was $1,070,000 now $855,000)
  • 25 units
  • 4 star
  • Member of Best Western
  • 2 bedroom managers' residence
  • No Restaurant - breakfast only
  • Wifi, Foxtel
  • Swimming Pool
  • New 30 Year Lease
  • Rent $180,000 + gst
  • The motel has been extensively refurbished in the past 2 years
  • Run under management for many years

Turnover

  • 2013/14: $769,001
  • 2014/15: $851,134

Profit

  • 2014/15: $348,407
  • Average net profit over past 2 years: $314,029