HIDDEN GEM - FREEHOLD GOING CONCERN MOTEL - BOOM LOCATION
$2,100,000
Motel (Freehold) hospitality, Maclean NSW
We are excited to offer for sale this fantastic Freehold Going Concern motel located in the picturesque NSW Northern Rivers town of Maclean. FHGC motels in this region are becoming rare and an outstanding opportunity exists to live and work in this beautiful part of the world and secure an investment for the future.
This boutique motel features 10 good sized rooms (with concept plans available to add an addition two rooms) that present beautifully, offering guests a wonderful base to explore the region. Guests can relax by the pool in summer or enjoy the hot tub in the cooler months. Currently run under management, there is loads of potential to grow the business further.
The motel is the only motel on the southern side of town and sits on the side of a hill overlooking the Clarence River. The residence is a large 3-bedroom two level home located in the centre of the motel behind reception.
This region is booming and motels in the Northern Rivers area of NSW are sought after, be quick to secure this motel.
- Rare Freehold Going Concern Motel in this region
- Excellent Net Profit $236,000
- Sought After Location
- Boutique Style
Inspections by appointment only.
More Information
- Total Purchase Price: $2,100,000
- Net Income: $ 236,304
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
This is the approximate number of years the business' revenue would pay for the business component.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Are there any set office hours stipulated in the contract?
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?