Same operator for last 20 years. New long term lease with 9.5% yield on investment. CPI increases from 2019. Returns like this are near to impossible in the current market.
Construction: 41 units. Double storey brick construction with tile and iron roof and brick partitions. Approx. 40 years old - double brick property - well maintained for age.
Interior: Excellent budget style accommodation used for group travel and educational tours. Outstanding facilities. Property can take up to three buses at one time.
Residence: 3 bedrooms, lounge, dining, kitchen, 2 bathrooms - above motel.
Age: Approx. 40 years
Land Area: 5,000 metres square approx.
Lease Term: 30 Years
Rent: $294,500 per annum
Laundry: Excellent laundry plus snow gear drying room. 2 plus changes of linen - all linen on site.
Restaurant: Yes
Services: 2 bars, disco/karaoke room, indoor heated pool, sauna, games room, barbecue area, ski hire, parking in front of units.
Comment: Catering mainly to the group market, particularly school groups and Chinese tourist skiing groups. Rooms are designed for maximum numbers - each sleeping 6 or 8 people.
Clientele: Group travel, education groups, sporting parties, passing trade, local visitors.
MQ Property ID:
3950690
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