Leasehold

   SOLD

Neat & tidy property with great street appeal (ID:LH11)

Area: Roma Code: LH 11

Features

  • 19 Units - Motel opened in 2002
  • 2 Bedroom managers' residence
  • No Restaurant - evening meals on request (tancredi)
  • In-ground pool
  • 3.5 star AAA rating
  • 22 years on lease
  • Rent under industry average
  • Run under management for many years
  • Located close to the centre of town

Profit

  • Net Profit: 13/14 $262,245
  • Projected: 14/15 $202,000