Grafton NSW 2460
- Hotel / Leisure
- 1 m²
- For Sale, Leasehold $620,000
1203ML - Growing Profits on this Quality North Coast Leasehold
- Modern 4 star motel on main road to CBD.
- 20 well maintained rooms of varying configurations.
- Regular trade and rep clientele.
- Large 3 bedroom, 2 bathroom residence - suitable for a family.
- Experienced staff in place to ensure ease of operation.
- 70 solar panels have reduced running costs.
- Good landlord and 25 year lease terms.
- ROI 34%.
Due to a buyer being unable to get their finance this great 4 star motel is once again available for sale with a 25 year lease. Due to its location, residence size and excellent schooling and sporting options in the town, this would be a great choice for a couple or family. The motel rooms are all in excellent condition, the grounds very easy to maintain and the clientele is good quality.
The Government are spending a lot of money in and around Grafton with infrastructure work that will ensure business in town continues to thrive.
Current long- term owners have all systems and staff in place to allow enthusiastic new owners to reap the rewards and make hay while the sun shines.
Don't miss out on your opportunity to cash in on this great buy. Private inspections only.
Net profit $212,135 for 2018/19
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1203ML2 (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: 3046
|Floor Area||1 m²|
|Land Area||2,001 m²|
|Annual Return||Ask Agent|
|Last updated||23 Sep 2019|