Outstanding 25 room leasehold motel

Description

Price Reduced Outstanding 25 room leasehold motel On offer is the opportunity to purchase this well presented 25 room leasehold motel located in the Riverland SA. Renmark is just over three hours’ drive from Adelaide and sits on the banks of the River Murray. This historic town established in 1987 is the largest in the Riverland. Running at 58.2% occupancy for the last financial year, the business has shown strong recovery post covid, additional revenue has also been driven during the last 12 months with the motel down the road recently being converted into a backpackers, so this property has welcomed it's previous clients. 25 well appointed ground floor rooms Strong post covid trading Conveniently located walking distance to facilities and the Murray River Ongoing refurbishments Long term 24 year lease in place Four bedroom manager’s residence perfect for families Property inspections are by appointment only