Long lease in Prime Position
YASS, NSW, NSW
Description
Long lease in Prime Position ResortBrokers is excited to offer the Leasehold investment of the renovated, 3-Star Hi-Way Motel in the picturesque Grafton. A brand new 30-year lease will be issued to the incoming purchaser providing security of tenure. The real standout opportunity here is the ability to run the property remotely, CCTV security cameras have been installed throughout and the property has keyless (remote) access to all the rooms, providing the incoming operator with the flexibility to run the motel passively. Already showing high occupancy rates, with year-on-year growth, this business is positioned to further benefit from the multi-billion-dollar infrastructure in the region, it’s an investment that promises a bright future, get in touch today to explore. Brand new long 30-year lease Upside via renting out 3-bed residence Rare opportunity to run the motel passively 30 keys with multiple configurations 3-star refurbished & renovated motel Consistent year-on-year growth Diverse & repeat clientele Inspections by appointment only
Financials
- Asking price
- $840,000
- Net profit
- $263,541
- Revenue
- —
- Profit multiple
- 3.19x
- Revenue multiple
- —
Agent
Chris Kelly
