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NSW NORTHERN RIVERS FHGC MOTEL - OUTSTANDING ROI
$7,200,000
Motel (Freehold) hospitality, Casino NSW
Opportunity awaits with this well-established, Freehold Going Concern motel located in the picturesque NSW Northern Rivers town of Casino. FHGC motels in this region are becoming rare and an outstanding opportunity exists to secure an investment for the future.
This large motel features 30 rooms of various configuration over 2 levels. There is a restaurant which is currently not in use, with food options at a hotel next door to the motel.
This motel is showing outstanding returns under the current business model and if continued to operate this way will show a 19%+ ROI to the new owner being run under management.
- Outstanding Returns
- 19% ROI if Run Under Current Business Model
- High Occupancy
- Strong NSW North Coast Town
- 30 Rooms
For more details and to arrange an inspection, contact us today!
More Information
- Total Purchase Price: $7,200,000
- Net Income: $ 1,372,282
(projected)
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?