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...Passive Investment Motel for Sale
PASSIVE INVESTMENT MOTEL $2,250,000 - 9% RETURN
This large 1 acre site with 81 metres of main road frontage makes this a valuable piece of land in its own right.
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It includes 38 motel units, swimming pool and 2 bedroom owner's residence. It is zoned commercial. The owner will offer a leaseback arrangement with a commencing rent of $200,000, a 30 year lease (10x5x5x5x5) with annual CPI increases. Brick and block construction. Priced to sell at $2,250,000. Contact Exclusive Agent - Andrew Morgan.