perfect owner operator Leasehold Motel | Resort Brokers ID : LH008150
$520,000
Motel (Leasehold) hospitality, Armidale NSW
ResortBrokers presents a prime opportunity to acquire a centrally located motel leasehold, within walking distance to restaurants, clubs, and shopping precincts. With 14 spacious rooms appealing to a diverse clientele, this asset offers great potential for growth. The possibility for lease extension and the rare price point for such quality make it an ideal entry-level investment or addition to current holdings. With local councils focused on tourism and efficiencies ready for a savvy operator to optimize, this opportunity is ripe for the taking.
- Centrally located asset within walking distance of popular dining and entertainment venues
- Asset features 14 expansive rooms catering to a diverse clientele
- Opportunity for operational enhancements for the discerning investor
- Located in a region with a tourism-focused local council
- Ideal for first time motel investors as an addition to existing portfolios
- Uncommon asset quality at this price point
- Potential for property expansion
Date updated: 28 Apr 2024 23:00:06
More Information
- Total Purchase Price: $520,000
- Net Income: $ 154,599
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
This is the approximate number of years the business' revenue would pay for the business component.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Are there any set office hours stipulated in the contract?
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?