Grafton, NSW 2460

NSW NORTH COAST FREEHOLD GOING CONCERN MOTEL OFFERING A MASSIVE 18% ROI

We are pleased to offer for sale this Freehold Going Concern motel located in the thriving NSW North Coast town of Grafton.

Featuring 30 rooms of various configurations this property has loads of upside. The current owner has just completed external renovations including rendering of walls, replacing gutters, cleaning and resealing the terracotta tile roof and replaced all external room doors.

Business in Grafton is seeing excellent growth with several major projects currently under way, including the Pacific Highway bypass, the $240 million construction of a new bridge into the centre of town and the construction of a new 1700 inmate prison (the largest in Australia) to start in early 2018, this is expected to create 600 jobs in the area when complete. These projects will see Grafton business prosper greatly now and into the future.

This is a great opportunity to purchase a large motel that is already seeing the benefit of the infrastructure projects that are underway. With outstanding growth over the last 3 years, the motel is being offered at a fantastic 18% ROI on the figures for 2016-17 financial year and 15% ROI on figures over the last 2 years. This property is priced to sell and is outstanding buying.

The current working owners would like to move on and this is a great opportunity for a new owner to buy the motel and run the property themselves, put managers in to do the work or sell off a lease and take a passive income.

Be quick, call now to book an inspection!!