EASY TO RUN LEASEHOLD MOTEL, PERFECT SEA CHANGE OPPORTUNITY FOR OWNER OPERATOR
OCEAN SHORES, NSW, NSW
Description
EASY TO RUN LEASEHOLD MOTEL, PERFECT SEA CHANGE OPPORTUNITY FOR OWNER OPERATOR ResortBrokers are delighted to take to market the leasehold interest in this well-maintained motel, located on the coast in the Brunswick Valley, just 20 minutes north of tourist hotspot Byron Bay. This 3.5 star, well-presented, refurbished motel comprising of 12 spacious rooms, is perfect for the owner-operator couple. Golfing groups and their accommodation packages are a big generator of repeat business for the motel, while the overflow of guests attending the regular music and art festivals in nearby Byron Bay are an ever-growing market. Byron Bay hotspot - only a short 20 minute drive away 23 year lease (option to purchase (4) x 5 years + current 3 years left on agreement) Comfortably managed by a couple - simple operation Direct access to adjoining 18 hole championship golf course Repeat golf group customers provide continued growth to the business Superb two street frontage with ample off-street parking Well-appointed, spacious rooms in various configurations to appeal to all guests Property inspections are by appointment only
Financials
- Asking price
- $650,000
- Net profit
- $167,869
- Revenue
- —
- Profit multiple
- 3.87x
- Revenue multiple
- —
Agent
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