Highly Profitable Motel
Last Updated on Tuesday, 01 June 2010 03:20
Looking for a motel lease to earn 22% on capital invested??: There is no reduction of turnover here, the NO VACANCY sign is constantly in use. The buyer of this complex can purchase with confidence, the motel has maintained a high occupancy.
Forward bookings are strong. Consisting of 15 units - 11 Studio, 4 One Bedroom units + Spacious 3 bedroom home. 21 years on the lease, next rent review April 2011. The complex is easily managed all at ground level. After 8 years of ownership Vendor wishes to retire.
You will be impressed with the net figure of this motel. An income per unit in excess of $33,000 (ex gst). Buyers looking for a motel business within the Wellington area should arrange an inspection, you will not be disappointed. Now is the time to enter the motel trade while others procrastinate. The Vendor is keen to retire.
ACT TODAY CONTACT McCRAE
$860,000
For further information on this property contact one of our sales team quoting REF# m563. Email Malcolm McCrae
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