Great leasehold motel with 27 years on lease. 24 rooms with great occupancy. 40% return!!
We are very pleased to offer the leasehold interest of the Charters Towers Motel for sale.
The Vendor will offer a lease top up to 27 years at settlement.
The Motel has been recently renovated and 10 rooms are less than 8 years old.
Breakfast is served to the rooms and there is growing occupancy from the Corporate sector.
With the commencement of the nearby Adani mine, business in this region is set to boom.
A very easy to operate property with a great upside for new and refreshed owners.
Inspect now to be ready for the boom.
Net profit $127,000.