Floor area | 720sqm |
12 spacious units | And managers residence |
35 year lease | From February 2016 |
Highly favoured | Motel location |
Motivated | And experienced on site management |
Passive | Income provides long term security |
Refurbishment | Near completion |
Deadline Sale
4pm, 5 December 2019
(unless sold prior)
- Highly favoured motel location
- Significant refurbishment recently undertaken
- 15 spacious studio units and two bedroom manager's residence
- 35 year lease from February 2016
- $138,000 + GST and OPEX pa with two yearly reviews.
Freehold motels rarely come onto the market. This popular location with an attractive lease provides the next owner with a long term passive income.
Retiring vendor is motivated for a sale by deadline date.
Floor area | 720sqm |
12 spacious units | And managers residence |
35 year lease | From February 2016 |
Highly favoured | Motel location |
Motivated | And experienced on site management |
Passive | Income provides long term security |
Refurbishment | Near completion |