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*** SOLD ***
Land Bank / Prime Freehold Motel Opportunity
Listing: #18244
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About this Business for sale in
Land Bank / Prime Freehold Motel OpportunityHere's something to get excited about: a rare FHGC investment opportunity with generous existing income and incredible future development potential.. Situated on a main road - this motel & apartment complex is set on 7,295 m2 of land and offers huge flexibility to the buyer. The property features a total of 18 motel units, 6 of which were newly built in 2012 to a 5 star, apartment-style standard. Seven older units, four deluxe spa bath units and a generous two bedroom family apartment round out the offering. The opportunity to acquire and lank bank such a large block does not present itself often. Existing revenues are strong and net profits for the operation are trending upwards. Average room rates and RevPAR are also steadily climbing. Included in the sale are concept plans and consents for an additional 12 units - providing significant growth options for the purchaser. The vendor also owns an adjoining block of land measuring 3,516 m2, commercially zoned, which may be available for sale as an add-on to this property. The possibilities are truly endless and exciting. Call Michael Osborne for a confidential conversation and viewing. A full IM and financial reports / projections are available to approved buyers.
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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.