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*** SOLD ***
Motel Russell - Business with 20 years on lease
Listing: #16980
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About this Business for sale in Far North
Motel Russell - Business with 20 years on leaseFREEHOLD: Sold. BUSINESS: Still available for sale. A new opportunity in romantic Russell. The business lease for Motel Russell is for sale alongside the freehold (see separate listing). Only a short walk from the Russell village, Motel Russell is conveniently positioned on the main road connecting the vehicle ferry to the township. Motel Russell is able to cater for corporates, couples, families and groups - with a range of accommodation options. There are 15 units in total made up of studios and 1 / 2 bedroom apartments. The setting is idyllic. Units are located in a quiet setting, with park-like grounds and thoughtfully positioned facilities and amenities. A secure swimming pool, BBQ area, guest laundry, fish cleaning area, tour desk and generous parking space will appeal to your clientele. Comfortable owners accommodation located adjacent to the reception area allows for privacy whist you run this operation. This business would suit a couple with flexible working options. Work hard in the summer and take some time out / travel in the winter. The lease of 35 years (est. 1998) has 20 years to run. This is a rare opportunity so do not delay. Contact us today to inspect.
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This listing is no longer taking enquiries as it is SOLD
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.