Resort News Magazine - Issue January 2010
Thankfully the year 2009 is behind us. It is safe to say that from a motel sales point of view it has been a turbulent year. The ebbs and flows, peaks and troughs have been the greatest that I have experienced since entering the motel brokerage industry in 1995. Let's have a look at the year in general from start to finish
Read more...Freehold Motel for Sale
FREEHOLD $3,150,000 - LARGE FREEHOLD OPPORTUNITY
Large 38 unit motel has undergone much upgrading over the past 4 years.
Includes a licensed restaurant (not operating), commercial laundry, guest laundry, swimming pool and good size owner's residence. Situated in a great main road location with expousre to a huge amount of traffic each day. Approximately x 1 acre of land. Operating well below potential and offers huge upside in the business. Net profit average over last 4 years at $445,000. Great opportunity to build up and lease out. Asking price $3,150,000. Contact Exclusive Agent - Andrew Morgan.