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

When James Carrick listed our property he had not long been with Resort Brokers. We found him to be thorough in his listing, professional in attitude, diligent in providing us with regular updates and his negotiating skills came to the fore when closing the deal. James’ manner was always pleasant and his honest refreshing. We were very happy with the final outcome and would have no hesitation recommending James to anybody that would like to offer their property for lease or sale.

- Klaas Pruys & Christina Pike
Vendor,
East Port Motor Inn

The process of buying a motel is one that can often take a substantial amount of time, effort and negotiation. I would like to thank James for all his assistance in finding me a very suitable property and also for his guidance and patience in that process. I look forward to working with him again and I would highly recommend James to anyone that is looking to buy or sell their motel.

- Mark Wallace
Purchaser,
Caravilla Motel

James did a great job what were very difficult circumstances. It was not an easy deal and we had a lot of obstacles to overcome, which he handled incredibly well. He was efficient, reliable and I would recommend him to anyone. I don't think the deal would have happened without James! 

- Lyn Weathers
Vendor,
Gunnedah Caravan Park