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*** SOLD ***
Motel Russell - Rare Russell Freehold Opportunity
Listing: #16981
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About this Business for sale in Far North
Motel Russell - Rare Russell Freehold OpportunityHere's your chance to purchase the freehold land and buildings of Motel Russell in the Bay of Islands. Whilst this is a high profile site, its also a quiet and peaceful location with park-like grounds. The motel features 15 units, with a swimming pool set in subtropical landscaping. A lease is currently in place for 35 years (from 1998) returning $80,000 per annum. Asking price: $895,000 negotiable. Contact us now to inspect this excellent property.
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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.