Leasehold

   SOLD

Over 46% Yield (ID:LH WOB)

Area: Winton QLD Code: LH WOB

Features

  • 20 Units
  • 1 Bedroom Managers' Residence
  • No Restaurant - meals provided on request
  • Consistent business (not resource related)
  • New 30 year lease with below industry standard rent
  • Has been recently refurbished
  • 6 units only 4 years old
  • The freehold Going Concern of this motel has just been purchased and will settle late July. The new owner does not want to operate the business. The price has been set to sell the lease quickly. Over 46% yield. If you are interested in making good money ring now.

Turnover

  • $457,340 (11/12)
  • $437,942 (12/13)
  • $466,616 (13/14)

Profit

  • Net Profit: $177,350 (12/13)
  • Net Profit: $183,630 (13/14)