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
Leasehold Motel For Sale - Fully Refurbished
leasehold - $650,000 - presents very well
Strong motel town with a very strong economy to underpin the region
- 18 very nicely refurbished motel units (nothing to spend)
- Tastefully renovated dining area and bar
- 2 bedroom residence on site
- Ideally located close to the CBD in a quiet position
- New 30 year lease available
- Trade is building up since the refurbishment was completed and is continuing to grow
- Net Profit After Rent $250,000 - Huge 39% return on investment
- Strong motel town with a very strong economy to underpin the region
- 3 1/2 star AAA rated
For more information contact Andrew Morgan
Office: 07 49531611 or Mobile: 0417 608 041
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it