Outstanding opportunity to purchase the passive investment of a 46-room motel, showing a 7.5% return with a long-term lease and located in the 2nd largest regional centre in SA.
Set on 1.044 ha of land and prominently located on one of Whyalla's tallest hills, the motel has fabulous views looking east over Spencer Gulf through to the Flinders Ranges.
An experienced motel operator has recently purchased a brand new 35-year lease with an initial five-year term to 2028 with 6 x five-year options providing good comfort for the incoming landlord.
A range of accommodation options includes eight ensuite units, eight ensuite motel rooms and 30 motel rooms with shared bathrooms, all with queen-sized beds, TV, air-conditioning, Wi-Fi and total block-out windows for night shift workers. Rooms are mostly let out on a weekly rate and serviced once per week.
It is rare that an opportunity to purchase a well-presented passive investment hits the market, be quick to secure.
- Passive investment motel showing 7.5% return
- Experienced tenant in place
- Brand new long-term 35-year lease
- Previous DA is in place for additional six ensuite units
- Large allotment 1.044 ha with sweeping views over the gulf and Flinders Ranges
- 46 room well-presented motel
- No stamp duty payable in SA
- 2nd largest regional centre in South Australia
- Property inspections are by appointment only
