New 30 year lease. Exterior buildings all being painted.
The leasehold purchase of a 26 room modern motel with air-conditioning, WIFI, outdoor pool, restaurant, meeting/conference facilities, truck/RV parking and guest laundry. The motel offers guests quality and comfortable accommodation at an affordable price.
Occupancy - 56%
Turnover - $763,028
Annual Rent - $230,000+GST (adjusted annually to CPI)
Nett Profit - $197,280
PP - $595K (33% ROI)