Motel Lease Offered - Price Reduced by $90,000
Motel Lease Offered - Price Reduced by $90,000
Motel Lease Offered - Price Reduced by $90,000
Motel Lease Offered - Price Reduced by $90,000
Motel Lease Offered - Price Reduced by $90,000
Motel Lease Offered - Price Reduced by $90,000
Motel Lease Offered - Price Reduced by $90,000
Motel Lease Offered - Price Reduced by $90,000

Motel Lease Offered - Price Reduced by $90,000

$385,000 or near offerSold

Nestled on the shores and overlooking Lismore Lake, this leasehold motel offers a superb opportunity at an entry price level. In fact, the selling price has been reduced by $85,000 to reflect a 37% return on investment to attract a quick sale!

Key Features

  • 23 plus year lease term.
  • AAA 3.5 star rated motel operating at 65% occupancy.
  • Fully refurbished in 2015 to an excellent standard (presents like new - not a penny required to be spent).
  • Offered below market value for quick sale.
  • Freestanding manager's residence with four built-in bedrooms, two bathrooms and double lock-up garage.
  • Located in regional north coast ‘Capital’ City of NSW.
  • University City with Jet airport, own TV station and only 40 minutes to surf beach.
  • Single level motel, 15 ground level rooms on major highway.
  • Huge opportunity to grow business through Internet and website marketing.

NB: Property inspections are by appointment only

Key Details

Listing Ref: LH003922
Property Type: Motel
Region: NSW - North Coast
Suburb: South Lismore
Sale Type: Leasehold
Net Profit: $113,137
Price: $385,000 or near offer

Listing Agent(s)

Agent Feedback

Without Ian's negotiating skills the sale of Horizons Resort would not have got across the line! I would like to take this opportunity to thank you for your assistance and would have no hesitation in recommending Ian Dore or Resort Brokers to any interested persons in the future.

- Ian Barry
Previous Owner,
HORIZONS RESORT