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33-room oceanfront Leasehold property - Swansea - Tasmania | Resort Brokers ID : LH008437
$870,000
Motel (Leasehold) hospitality, SWANSEA TAS
Large 33-room oceanfront Leasehold property, located in Swansea on the highly sought-after east coast of Tasmania. This easily managed motel is a dream for a two-person team, offering accommodation only, with no food and beverage operations, providing a great beachfront lifestyle while earning a decent net profit.
The motel has demonstrated consistent year-on-year performance. The property offers fair market rent and a variety of room types, catering to a diverse clientele. The strong return clientele and group business are a testament to the quality of service and facilities provided, with regular motorbike and car groups, as well as coach tours.
The property has been meticulously maintained to a very high standard by the current tenants, with recent improvements including a complete external repaint, replacement of carpets, and furniture upgrades.
This location is ideal for exploring the east coast, with stunning views across Great Oyster Bay, and just a 45-minute drive to Coles Bay and Freycinet National Park. This is a unique opportunity to acquire a well-established and profitable business in a prime location.
- Large scale 33-room oceanfront property
- Easily operated by a two person team
- Accommodation only, no food and beverage
- Highly sort after east coast tourist destination
- Consistent year on year performance
- Fair market rent– 18 year lease
- Variety of room types
- Return clientele group business
Date updated: 19 Nov 2024 22:00:01
More Information
- Total Purchase Price: $870,000
- Net Income: $ 282,248
(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?