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Tweed Heads

LEASEHOLD $630,000

1372ML - NEW 30 YEAR LEASE IN TWEED HEADS

  • Brand new lease with realistic rent ratio.
  • 16 rooms of varying configuration.
  • Bathrooms in good condition- rooms could use some minor modern touches.
  • Saltwater pool, guest barbeque, good wi-fi, security cameras and 38 solar panels.
  • Very little lawns or gardens to contend with.
  • New computerised software booking system.
  • Two bedroom residence with private yard attached to reception.
  • No food offered but commercial kitchen in place if needed.

Tweed Heads has for a long time been a great motel area and it has seen a resurgence in business over the past 12 months. Notwithstanding this current lockdown, the long-term diagnosis is very good for business operators. This motel is located on the main road into Tweed giving it excellent exposure to secure drive by guests in addition to online bookings. The property as a freehold was typically running at around 70% occupancy which has been low for this area. This allows a new leaseholder the opportunity to fine tune the property and processes to drive occupancy and profits.

So, call me now to inspect, as this is likely to be the last one available in this area for a while.

Net Profit: $168,436 for 2019/20

Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.

Property ID: 1372ML (quote when enquiring)

Property Type Business

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Tony Johnson

0433 335 679
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