Passive Investment Motel in Katherine
Passive Investment Motel in Katherine
Passive Investment Motel in Katherine
Passive Investment Motel in Katherine
Passive Investment Motel in Katherine
Passive Investment Motel in Katherine
Passive Investment Motel in Katherine

Passive Investment Motel in Katherine

$3,050,000Sold

Investment motels provide an astute purchaser a valued and strong return. There are a couple of key drivers in the market, especially in the North with tourism. The AUD is low, creating stronger & longer tourist seasons. With regional areas experiencing a peak season lasting approximately nine months. Interest rates are low and that is why investments, such as the Paraway Motel don't last in the market. The motel consists of 56 rooms, 140 seat restaurant and conference centre, lounge bar, two bed manager's residence, pool, fully equipped commercial kitchen and onsite laundry.

Key Features

  • Strong region for corporate and holiday travellers
  • Long lease – 24 years remaining
  • 56 rooms providing opportunity for larger tour groups
  • Central river front location of one of Katherine’s largest and best presented motels

NB: Property inspections are by appointment only

Key Details

Listing Ref: INV004155
Property Type: Motel
Region: NT - North
Suburb: Katherine
Sale Type: Freehold Passive Investment
Net Profit: $250,000
Price: $3,050,000

Listing Agent(s)

Agent Feedback

The sale of this property was a particularly lengthy affair, during this time Shane always remained positive & focused towards the end result. His encouragement ensured we also remained positive throughout the entire process. If we intend to buy or sell again we would not hesitate to engage Shane to act on our behalf.

- Brenda Krop COOKTOWN HOTEL

We would like to say a huge thanks to Shane Mullins for his professionalism and effort to finalise the deal for our leasehold purchase. It was a pretty special set of circumstance for our purchase, and we wouldn’t have got past the first base, let alone completed without your involvement. We very much look forward to building the business into a very healthy going concern for you to take back to the market in the next 12-24 months!

- Max Nulley
Purchasers,
Lyndoch Motor Inn

I would like to say thank you very much to Trudy for steering our deal across the line! All negotiations these days seem to take time and I appreciated her persistence, communication & feedback along the way. The purchasers seem intent on making the operation a success and with the help of others I think we have a good shot of kicking the complex away nicely. Looking forward to settling and cracking the bubbly!!

- Sandy Murdoch
Vendor,
Oshen Apartments