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Acquire a busy 31 room motel in CBD of large NSW Northern Rivers coastal region | Resort Brokers ID : FH008425
$6,300,000
Motel (Freehold) hospitality, GRAFTON NSW
ResortBrokers exclusively presents a prime opportunity to acquire a prominent 31-room property, ideal to operate under management. This very clean and tidy motel in the sought-after Northern Rivers region of NSW sits on an expansive 1,665m2 block right in the CBD. Consistently high occupancy rates and revenue, it includes a spacious manager's residence. A very rare chance to secure a large freehold motel in a region known for strong tourism and economic growth.
- Prime asset nestled in the highly coveted Northern rivers region of NSW
- Esteemed as one of the top-tier motels in Grafton
- 31-room property suitable to run under management or sell off the lease
- Promising ROI yield, outperforming regional benchmarks
- Consistent occupancy and a loyal customer base
- Preferred choice for a diverse range of patrons - workers, travellers, and visitors
- Spacious manager's residence, ingeniously repurposed from a former restaurant space
- Long-standing ownership, indicating its enduring appeal
- Inspections by appointment only
Date updated: 19 Jan 2025 22:00:03
More Information
- Total Purchase Price: $6,300,000
- Net Income: $ 829,368
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
This is the approximate number of years the business' revenue would pay for the business component.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Are there any set office hours stipulated in the contract?
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?