Caravan Park Market Review - June 2010
The commencement of this year’s tourist season was again heavily dependant on the quality of the weather in the southern states compared to that in
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...SOLD
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.