Moree NSW 2400
- Hotel / Leisure
- 1 m²
- For Sale, Leasehold $640,000
893ML - Big Leasehold, Big Return, Small Price!
- 40% plus Return!
- Huge $1.5m plus Turnover
- 74 Ground Floor units with Licensed Restaurant
- Heavily Staffed
- Big gains for the astute operating couple
- Lease extended to 30 years on settlement.
- Rents high by Industry Standards but its a big Money earner!
- It's not for everyone, but it might be just the one for You!
- Contact us now for further details.
The Rent may be high by Industry standards, but you are getting a huge money earner for a relatively small outlay! A Lease Term of 30 years will be offered on settlement.
It offers a big 74 ground floor units with a Licensed Restaurant and has had a consistent Turnover well in excess of $1.5m over the last 5 years! The motel has developed a strong and consistent trade and with a tiered tariff is a major player in the local market.
The current owners have been there for 15 years and are looking at putting their feet up.
With a prominent staffing structure well in place, the owners have plenty of flexibility in their operation of the motel, and theres big gains to be made by the astute operating couple.
Net Profit $268,070 for 2017/18
Contact David Head from Tourism Brokers for further information or to arrange an inspection.
Property ID: 893ML (quote when enquiring)
Property Code: 3025
|Floor Area||1 m²|
|Land Area||Ask Agent|
|Annual Return||Ask Agent|
|Last updated||10 May 2019|