29% ROI Motel in Brisbane - Last Unconditional Contract Fell Over

Description

Exclusive 29% ROI Motel in Brisbane - Last Unconditional Contract Fell Over Raceways Motel has been relisted after a lengthy contract process. For personal reasons, the previous buyer terminated an unconditional contract that had passed through the financial verification, legal due diligence and bank finance approval. The buyers retirement and health has now become a priority and we have priced this property to sell. If you are looking for a smooth transaction with the security of knowing the contract will proceed smoothly through due diligence as it did for the previous contract then this is a great motel to consider. Net profit of $144,384 Opportunity for further growth Experienced contract cleaner staff in place Huge accommodation onsite for a family Recently extended lease to 25 years 29% ROI - unheard of in the Brisbane market NB: Property inspections are by appointment only