Chris: 0438 340 706 Steve Fuller: 0420310500

Leasehold

Exclusive

Exceptional business with consistent trade. Showing over 40% yield. (LH:WQ:WB)

$580,000 wiwo
Code: LH:WQ:WB

 

THIS BUSINESS WOULD HAVE TO BE ONE OF THE BEST LEASEHOLDS ON THE MARKET 

WILL CONSIDER TRADING PROPERTY

√ THIS MOTEL TICKS ALL THE BOXES 

CONSISTENT TRADE WITH FURTHER UPSIDE DUE TO UPCOMING PROJECTS IN THE AREA   √ 

RENT IS WAY BELOW INDUSTRY AVERAGE:  37% OF FREEHOLD GOING CONCERN PROFIT √

COULD BE RUN BY ONE PERSON √ (PARTNER HAS THE OPTION OF SEEKING ALTERNATIVE EMPLOYMENT)

MINIMAL WORKLOAD √

EXTREMELY LOW OVERHEADS 

LEASE LENGTH JUST UNDER 33 YEARS √

LARGE FAMILY HOME WITH PRIVATE YARD 

 

YOU NEED TO INSPECT THIS PROPERTY.  YOU WILL NOT BE DISAPPOINTED

Features

  • Excellent lease agreement
  • 10 x cabins
  • 3 x 2 bedroom self-contained units - permanently let to the education department
  • 4 x bedroom 3 bathroom manager residence with private yard
  • Guest point booking system
  • WiFi - Austar - Pool
  • 4 star (self rated)
  • Rent under industry average
  • Minimal maintenance
  • Low overheads
  • Very easy to operate

Turnover

  • 2016/17: $462,428

Profit

  • 2016/17: $232,194