Motel business for sale in Grafton
- Grafton NSW 2460
- LEASEHOLD $1,620,000
Outstanding NSW North Coast Leasehold Motel
Premier Business Sale are excited to have been appointed Exclusive Agents to market this outstanding leasehold motel, located in the NSW Northern Rivers town of Grafton. If you looking for a quality property, great location, excellent return and long lease, this business offers it all.
The motel comprises 22 motel rooms and a beautifully presented large Federation House that can be let in full or as two apartments. Of the 22 motel rooms 12 have been refurbished to a very high standard and another 5 will also be completed before a new owner takes over. The business is very easy to run with no restaurant just bed and breakfast only.
Average net profit over the two years prior to COVID was just under $450k and the motel is now back to levels to support this ongoing with increase in tariffs generated by the room upgrades and a strong corporate clientele. Offering an excellent rent to net profit ratio and 30 years on the lease.
Operate this business yourself or run it under management for a great return, this motel is a must to inspect.
The motel is in the thriving NSW North Coast town of Grafton and well located on the edge of the CBD. A little over 3 hours from Brisbane and 6 ½ from Sydney, Grafton is a regular stopping point for Business travellers and those holidaying along the NSW and QLD coasts.
Home to many annual sporting events and the famous springtime Jacaranda festival, Grafton attracts many visitors wanting to explore all the beautiful region has to offer.
Don't miss this opportunity to secure an outstanding business, call now for more information or to book an inspection.
Property Code: 155