Motel business for sale in Naracoorte
- Naracoorte SA 5271
Outstanding opportunity to purchase this high netting Freehold & Business Motel | Resort Brokers ID : FH006691
Located almost at the halfway point between Adelaide and Melbourne this high netting, simple operation Freehold and Business motel could be yours.
With 22 spacious ground floor rooms, ample off street parking and walking distance to the main street this motel is well positioned for the new owners to capitalize on the forecast surge in domestic tourism. A popular stop over destination for tourists travelling the Great Ocean Road and as well as significant business coming from workers including Government, Agriculture, Forestry and Fishing industries provide a strong client mix for this motel.
With a net profit in excess of $400k this is perfectly placed for an owner operator couple but equally suited to investors. It is rare that an opportunity to purchase a Freehold and Business showing a 16.3% return and with no stamp duty payable in SA this is a perfect time to buy.
- Well-established Freehold motel, showing a 16.3% return
- Strong Post Covid trading performance for the first 9 mths of FY21
- No Stamp Duty payable in SA
- Centrally located walking distance from the main street
- 3 bedroom managers residence with private rear yard
- Simple operation, no restaurant or breakfast served to rooms
- 3.5 star rating
- 8.7 rating on Trip Advisor and Booking.com
- Currently run under management, upside for owner operators
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