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Get the best of both worlds with this Freehold and Leasehold pair | Resort Brokers ID : FH008345
$1,950,000
Motel (Freehold) hospitality, KYOGLE NSW
ResortBrokers is excited to exclusively present to market an exceptional opportunity to take a commanding position in the accommodation market in the ever-popular NSW Northern Rivers region.
For the first time in 26 years the opportunity to own the freehold Kyogle Motel is here. This rare opportunity has the best of both worlds, the security and large landholding of the freehold motel combined with the strong return on investment yields of the leasehold Kyogle Country Inn. They are both available and being presented to astute investors in one line.
The current owners have done all the hard work and are ready to retire. There is significant scope to expand the operations and returns on both businesses and the incoming owners could also have the opportunity to run these operations under management. These motels hold a virtual monopoly on the available accommodations in town. Set on the main road in from Lismore and Casino, they get excellent exposure. With in striking distance to the Gold Coast, Brisbane and the Byron-Ballina coast, this picturesque town is already experiencing significant growth.
This opportunity is unlikely to be available again any time soon.
- The two best motels in town
- Solid construction ready for newowners finishing touches
- Country Innis a new modern build
- Rural setting but on main thoroughfaregetting great exposure
- Inspection by appointment only
Date updated: 01 Nov 2024 00:00:04
More Information
- Total Purchase Price: $1,950,000
- Net Income: $ 330,894
(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?