Food/Hospitality for sale
Investment - Motel - Freehold - North Coast N.S.W.
\nInvestment - Motel - Freehold - North Coast N.S.W. - Agent SBX Code Number: T2840
Four star freehold motel comprising of 32 rooms with a number of large family rooms. - Includes a beautifully renovated restaurant and a new swimming pool with a large heated spar. - Current lessee is a very experienced operator with many years in the motel and restaurant industry.
Great motel City with very little competition and steady growth prospects. - Very favourable lease with C.P.I. increases.
Very strong provincial City serving Northern NSW coastal growth areas. - Very strong tenant. - Recently refurbished rooms to a four star standard. - Showing a great return on investment.
This motel has a total area of 3500 sq. meters on a large rectangular level land.
Situated in the main street of a large provincial City next to the largest Licenced Club .
Current lease commenced in July 2007 with a 5 year lease + a further 5 + 5 +5 +5 + 5 years.
This is a freehold investment only with a very secure tenant. -Great long term investment showing almost 3 times better return than bank interest. - The lease provides that the lessee pays all outgoings including council rates and land tax. - The rental paid is net to the landlord. - Very strong capital growth based on long lease with annual C.P.I.increases currently showing approx. $80,000 capital growth per annum.
Weekly Sales $0
Rent (ex GST) $0
Agent SBX Code Number: T2840 - SBX Business Brokers
- Business Category: Food/Hospitality
- Business Sub Category: Takeaway Food
- Business Selling Price: $2700000