5 Mackillop Street, PARAP NT 0820
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- 27 Jun 2016
Freehold Parap Motel
Centrally located in the heart of the up market suburb of Parap the Paravista Motel provides a great opportunity for an owner operator or investor to be a part of the exciting Northern Territory industry of hospitality and tourism.
With a history dating back to 1974 the Paravista Motel boasts 19 rooms plus a 3 bedroom cottage with pool, BBQ area, and car parking on 1530m2 of land. It is located only 5 minutes drive from the CBD of Darwin and a short stroll to the Mindil Beach Markets and foreshore.
With a history of strong returns, the Motel is currently being run remotely by it's owners with solid local staff members and there is the opportunity to continue under the current structure or owner operate to and increase returns further.
- 19 Ensuited refurbished rooms
- New carpets and curtains throughout
- 3 bedroom, 1 bathroom cottage on site
- Air Conditioning throughout
- Private in house Laundry service
- Ample Carparking
- Reception, Kitchen and guest kitchen
- Ancillary income from Communications tower
- Pool and BBQ area for guests
The Paravista Motel is a well established business offering affordable accommodation to tourists and business people.
Expressions of Interest Closing Thursday June 16th at 5pm, unless sold prior
For further information or site inspection, please contact Jeremy O’Donoghue 0407 080 067.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
5 Mackillop Street PARAP