Resort Brokers welcome to market a significant 28 room, 3.5 star bed and breakfast leasehold business with further value variables which are generally difficult to find in one place. Ideally located, this property offers a brand new 30-year lease and huge 35% ROI. There is a comfortable rent to net profit ratio and the upside of ownership operation. Consider the restaurant potential should you wish and the current owner’s motivation to move on to alternate businesses.

Key Features

  • Business opportunity new 30 year lease with 35% ROI
  • Prime main street central location
  • Operated under management for past 3.5 years
  • Manageable with the majority ground floor rooms
  • Option to drive restaurant revenue (currently not operating by choice)
  • High repeat corporate guest rate
  • Current business owner is moving on and has priced accordingly

 

NB: Property inspections are by appointment only

Key Details

Listing Ref: LH005295
Property Type: Motel
Region: NSW - North Coast
Suburb: Taree
Sale Type: Leasehold
Net Profit: $231,181
Price: $650,000

Listing Agent(s)

Agent Feedback

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