Leasehold Motel in Narrandera: 22 Rooms, 29-Year Lease, $1.2M

ResortBrokers is delighted to bring to market the Fig Tree Motel in Narrandera, a prime leasehold opportunity priced at $1.2 million. This thriving business features 22 rooms with diverse configurations, an 80% occupancy rate, and a projected net profit of $351,542. With a 29-year lease term and annual rent of approximately $134,336, it offers long-term stability. The motel's central location, updated rooms, and amenities like an underground pool and barbecue area enhance guest satisfaction. Ideal for new entrants or seasoned operators, this asset promises robust financial returns and a strong market presence.