Regional Leasehold Motel with Brand-New 25-Year Agreement&Strong Turnover | Resort Brokers ID : LH008250
$720,000
Motel (Leasehold) hospitality, Gunnedah NSW
ResortBrokers presents the Red Chief Motel in Gunnedah, a secure investment with a new 25-year lease.
With 29 diverse rooms, it caters to varied guest needs, while the motel's prime location ensures easy guest access and proximity to dining options.
Gunnedah's strong motel market plus recent room enhancements boosts this motel's appeal.
- Secured investment with a new 25-year lease featuring advantageous commercial terms
- Strategically positioned in Gunnedah, adjacent to the town's thoroughfares
- Situated in Gunnedah, a town renowned for its strong motel industry
- Beneficiary of recent substantial investment towards room enhancements
- Offers 29 diverse rooms catering to a wide range of accommodation needs
- Ideal for operators seeking to reposition and add value to the asset
- Enjoying a harmonious relationship with a supportive landlord
- Established market presence with a consistent flow of repeat business
- Property inspections are by appointment only
Date updated: 20 May 2024 14:33:20
More Information
- Total Purchase Price: $720,000
- Net Income: $ 244,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
This is the approximate number of years the business' revenue would pay for the business component.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Are there any set office hours stipulated in the contract?
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?