Presenting to the market is the opportunity to acquire the long-term lease of a high-performing motel in Parkes. Hotel Gracelands has a 41-year lease in place and is currently showing strong occupancy in the motel and a substantial trade in the restaurant for meals as well as being used as a function centre.
The leasehold is being sold as a going concern; hence, management wages are added back. The net profit for 11 months is $290,669 with a purchase price of $695,000 which resembles this business being sold plus 41% yield.
The property has historical figures showing continued strong trading figures that have grown from year to year. Please contact a broker at ResortBrokers to discuss the property further. Don't let this leasehold pass you by.