WELL-ESTABLISHED LEASEHOLD WITH UNTAPPED POTENTIAL AND STUNNING LAKE VIEWS!
MERIMBULA, NSW, NSW
Description
WELL-ESTABLISHED LEASEHOLD WITH UNTAPPED POTENTIAL AND STUNNING LAKE VIEWS! Comfort Inn Merimbula has stability and untapped potential all rolled into one! A turn-key Leasehold for first-time investors or avid moteliers, the 26-room property is the number one choice for tour groups and many repeat clientele - thanks to the only onsite restaurant in town. With solid occupancy in the area and a fantastic location, it’s a unique opportunity you will not want to miss. 26 units offering a good mix of accommodation styles Enjoys regular and repeat business from corporate trade Additional revenue stream through newly leased out 50 seat restaurant Convenient location - Walking distance to CBD, cafes and shops Preferred location for the coach groups as only motel in town with restaurant Enjoys regular coach groups who can stay up to 5 nights Almost all rooms offer views over Lake Merimbula Well maintained property and part of Choice Motel Group Minutes from Merimbula Airport with regular flight to Melbourne & Sydney Inspections are by appointment
Financials
- Asking price
- $690,000
- Net profit
- $196,080
- Revenue
- —
- Profit multiple
- 3.52x
- Revenue multiple
- —
Agent
Russell Rogers
