Lessee has recently built 3 magnificent 4 star executive units plus completely refurbished all other units and residence.25 year lease commenced December 2004 and rent of $73,406 + GST (2009) 14 unit bed and breakfast motelAll rooms have recently been refurbished – bathrooms completely retiled, new beds, benches, A/conditioners, fridges, furniture, carpets2 bedroom refurbished residenceFull commercial kitchen with the option of operating a terrace restaurant. Present owners prefer to encourage guests to use the restaurant facilities in the club which is opposite the motel. A charge back arrangement exists with the club.The motel features a pool, undercover parking and close proximity to shops and park.T/O has jumped through the roof due to improvements, higher tariffs and more favourable weather patterns.A perfect property for a two person team. Reap the rewards of the great work done by the existing lessees. Nett$163,040 (Adjusted Net Profit 2009)$188,000 (Estimated Net Profit 2010)Turnover$315,843 (2009)$370,000 (Projected 2010)