This is a very well presented motel with a large number of units that
has excellent street appeal. The units are high quality and the motel
has a 3.5 star AAA rating. There is a small dining room and bar, a
huge family size 4 bedroom residence and an inground pool amongst
tropical surrounds. The motel has a top position with exposure to a
huge amount of traffic each day. It is located in a very strong
coastal motel town.
Long lease with low rent. Net Profit after Rent is $310,000. The
turnover shows 85% of income from accommodation. The occupancy rate
is approximately 80% and tariffs are growing at a good solid rate.
Excellent motel opportunity.
