This leasehold Motel situated in a central north rural town in Tasmania is a fantastic opportunity. Bucking the trend of ebbs and flows within the tourism sector, this hotel has shown strong consistent growth year in year out and represents a great return on investment of approx 40% pa.
There is a long lease with 5 x 5 year options stretching out to an end date in 2040.
The self rated 3 star motel has 24 rooms ranging from budget twins to self contained units as well as 50 plus seat restaurant with bar and full commercial kitchen.
Easy to operate motels showing strong and consistent growth like this one are few and far between. For a detailed information memorandum on this business, please contact Edward.
$429,000 NEG plus SAV