Opal Ridge Motel - Collinsville
For sale by offers to purchase
Business and Property being offered for Sale
Read more...Resort News Magazine - Issue June 2010
Most motel owner/operators/managers will tell you they are rarely in the onsite residence. Maybe this is why the motel residence is the most forgotten about, ignored, and neglected, part of many, many motel complexes. In “the good old days” motels were typically built with a lovely 3 or 4 bedroom home above or beside reception where the owner/operators (who were often the one’s having the motel built) were going to live with their children, and operate the motel business as a family concern. The motel was not only built as a place of business but also a home for the family to live and run the operation
SOLD
SOLDPRICE REDUCED - LEASEHOLD $1,250,000 - SOLD
Nicely presented cavity brick motel has undergone much renovation in recent times.
It includes 18 good quality units with a 3.5 star AAA rating. It has a licensed dining room and bar for in house guests. There is a large 3 bedroom family sized residence adjoining reception. The BBQ and swimming pool area is very nice and includes a children's playground. Situated in great main road position with exposure to a massive amount of passing traffic. Long lease in place. Low annual rent of $100,000. Net Profit After Rent $400,000. This motel represents excellent buying. Contact Exclusive Agent - Andrew Morgan.