1203ML - Quality, Affordable Leasehold
- Modern 4 star motel with 20 rooms of varying configurations.
- Good repeat trade from rep and company clientele.
- Large 3 bed, 2 bath residence - suitable for a family.
- Staff in place to ensure ease of operation.
- 70 solar panels installed June 2017 - decreases power costs.
- Turnover increasing year on year.
- 19 years on lease, good landlord and 33% ROI for the buyer.
This quality motel is a great choice for a couple or family looking to enter the motel industry or for an experienced operator. The property is well located, rooms are all in excellent condition and the grounds very easy to maintain.
Grafton has major development occurring in the area, a new bridge, new 1,600 bed gaol, major highway upgrades- approx $4.5B of Government infrastructure work. This work will ensure the business viability for the town for many years to come.
The motel is in close proximity to sporting clubs, local amenities, the railway station, CBD and the river. It has good repeat clientele and happy guests due to the quality rooms, onsite facilities and the friendly service.
Current long term owners have all systems and staff in place to allow new owners to reap the rewards with minimum stress.
Don't miss out on your opportunity to cash in on this great buy in a town going places. Private inspections only.
Net profit $226,760 for 2016/17
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1203ML (quote when enquiring)
Location: One of Australia's most beautiful provincial cities, Grafton is renowned for its Jacaranda trees, graceful old buildings, sporting and cultural facilities, and its location on the banks of the Clarence River. As the thriving commercial hub of the Clarence Valley, Grafton has a range of great shopping, award winning restaurants and a smorgasbord of entertainment from the many pubs and clubs. Outdoors, every turn reveals a stunning vista. Manicured gardens glow with seasonal blossoms and, throughout the year, Grafton's stately streets and parks host festivals and community celebrations that attract thousands of visitors.
Property Code: 2599