Nearing 50% Return With 35 Year lease Under $200k!

$199,000Sold

Our vendors are demonstrating their motivation to move to venture next and have packaged their proposition and your next lifestyle move accordingly! An easy to operate 19 room 3.5 stars rated property ready to merely build on the opportunity which awaits. Live like you’re at home and take advantage of a business with completed capital works, boasting new operational upside.

Key Features

  • 19 tastefully decorated 3.5 star standard solid double brick structure.
  • There is nothing for you to spend directly.
  • Ground floor corporate and leisure motel.
  • Separate large 3 to 4 bedroom homestyle residence. You must view the renovated bathroom!
  • Perfectly functional commercial breakfast kitchen.
  • Ample shed and garage storage for all of your large toys.
  • Regular midterm secure income in 3 of the self-contained rooms.
  • Plenty of freehold upside.

 

 

NB: Property inspections are by appointment only

Key Details

Listing Ref: LH005412
Property Type: Motel
Region: NSW - North Coast
Suburb: South Kempsey
Sale Type: Leasehold
Net Profit: $90,502
Price: $199,000

Location

Listing Agent(s)

$
%
YearsYrs

Monthly Repayments:

$0

Agent Feedback

Greg has gone above and beyond in his efforts to sell our motel. We gave him a challenge selling our property as our city had flooded in the recent past and this caused buyers some concern. Greg had faith in our product and how we had run the business and was able to pass that confidence on to the purchasers. He knew our property thoroughly and could explain the improvements and progress that we had made over the last 2 years. We believe that Greg worked tirelessly to find the right buyer for our property and throughout the entire purchase period, he kept us all informed of the progress. He reacted to requests for information promptly and followed through right to settlement. Really appreciate a great effort by a great agent. Thanks Greg!

- John and Helen Staffsmith
Vendor,
Lismore Wilson Motel

Greg was easy to talk to and responded to any enquiries quickly and was always available on the phone, any time we needed him. This made our purchase straightforward and pleasant.

- Ann & Andrew Miller
Purchaser,
Waterview Motel

We initially believed our business would be like most Motels and take some time to sell however Greg James of Resort Brokers was able to connect us with a qualified buyer within 8 weeks of listing and the sale process was smooth from that point on. We are very Happy! Thank you, Greg and Resort Brokers.

- Cousins Motor Inn
Vendor,
Cousins Motor Inn