FABULOUS TOURIST RESORT IN THE TOP END, KATHERINE N.T

Property Type: Motel
Sale Type: Leasehold
Price: $2,850,000
Region: NT - North

The Knotts Crossing Resort is recognised as being one of the premier motel establishments in regional Northern Territory. The motel is located in Katherine which is a major town approximately 320 kilometres south of Darwin.

This property is a comprehensive resort featuring several accommodation styles from deluxe rooms to cabins and camping. The resort also has a conference room, restaurant and bar facilities. There are two swimming pools and beautiful grounds with large shady trees. A day spa, which is leased separately, offers a complete package for the traveller looking for comfort and pampering.

Katherine is a town catering to tourism, pastoral and horticultural activities, expanding mining ventures and home to the Tindal Airbase where the RAAF has a large squadron base.

The resort is located in a wonderful location en route to the famous Nitmuluk (Katherine) Gorge and very easy access to all the other region’s tourism destinations.

• Lovely landscaped gardens, all units and cabins easily accessible to guests
• 3 bedroom owners residence with carport
• 122 rooms in total comprising 9 family rooms, 9 executive rooms, 9 deluxe rooms, 36 motel rooms, 23 village rooms, 36 cabins, 34 van sites & 6 staff quarters
• 2 swimming pools with a great bistro and bar area
• Conference / convention centre, licensed restaurant
• 5 times Northern Territory Brolga Award winner
• Due for room rate rise for 2009 season
• Lease term 21 years plus 5 year option

Adjusted Nett

$965,866.70 (May 07 - Apr 08)