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Sold

859ML - The Jewel of the Southern Highlands! Only 1 Hour from Sydney!

SOLD

THIS LEASEHOLD Motel is right out of the top drawer!
The Freehold owners are offering a new 30 year Lease on their 23 unit, 4 star Motel, which has been run under management for the last 16 years.
It is a genuine Bed & Breakfast operation, with no evening meals provided.
94% of Turnover is from accommodation!
It currently operates at 71 % occupancy with an average tariff of $145 ex GST (2013/14).

It is an exceptionally maintained and presented Motel, and the Freehold owner is prepared to re-invest $20,000 p.a. into the Motel. The location is superb and the Motel is a big money spinner!

It's your dream Leasehold! Act now!

Net profit $297,942 for 2013/14

Contact David Head or Peter Middlebrook from Tourism Brokers for further information or to arrange an inspection.

Property ID: 859ML (quote on enquiring)
Price SOLD
Location Mittagong
Property ID 859ML
Category

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