Be part of the booming Hospitality / Accommodation Industry and enjoy a fantastic lifestyle while getting an INCREDIBLE INCOME . This successful Motel, is now offered on the market. With a 27 years lease (in one block).
This large complex comprises 25 units with a selection of studios, 1 bedroom and 2 bedroom.
The current lessee has spent a lot of money in the last 3 years to upgrade the complex. New heatpumps in every unit new queen size beds., new vanities, fridges, etc... the list is long...
It offers a new spa pool and a revamped swimming pool (agremented by a heatpump as well), a conference room and plenty of space.
A few minutes drive to the Beach, the City Centre and other amenities, this Motel is just at the right location and is a great destination for families, corporate clientele and holiday makers.
Currently operated and managed by one solo owner and a full time manager it would ideally suit a couple.
The managers' residence is a comfortable an well appointed 3 bedroom apartment above the reception area.
Asking price $1,390,000 + GST (if any)