Tweed Heads is a border-town located on the NSW side of the border to Coolangatta. It is a strong motel city and offers all the amenities suitable for a short term stay or longer holiday such as good shopping, beautiful beaches, great boating and fishing on the river, world class entertainment and a multitude of cafes, restaurants, clubs to dine and relax.
The motels main features are:
- 15 good quality renovated rooms.
- Long term lease with reasonable rent ratio.
- Fully renovated two bedroom manager's residence adjoins office.
- No groundwork just onsite pool.
- Consistently high occupancy and repeat clientele.
- Secure business model and improving profits after COVID-19 lockdowns.
Why buy a motel where you have to spend a bomb on renovations when you could buy one where all the hard work has been done? This profitable leasehold in Tweed Heads is primed for good growth after a makeover during COVID-19. It had shown years of consistent trade prior to last year and is starting to bounce back now showing consistent occupancies around 80%.
All the hard work has been done by the current owners, so the opportunity exists for a new operator to keep connecting the dots and bank their profits. Central location, great rooms, repeat customers, good reviews, systems in place Do I need to say anything else?
Enquire now, as properties like this rarely exist.
Turnover: $368,930 Ex GST July 20 Mar 21 (9 months)
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
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Purchase price
$
1,234,567
Deposit available
$
123,456
Loan term
30
years
Interest rate
3.00
%
repayments
$0/month*
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