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RENOVATED RETRO STYLE MOTEL - BRAND NEW 25 YEAR LEASE | Resort Brokers ID : LH008271
Expressions Of Interest
Motel (Leasehold) hospitality, MILANG SA
ResortBrokers is delighted to present to the market the leasehold of The Shore Motel Milang, less than one hour from Adelaide, now fully refurbished, rebranded, and has just reopened as a boutique, retro-style motel.
The hard work has been done, and the owners are looking for an outstanding operator to purchase a long-term 25-year lease to drive this brand-new business.
The new operator will have several options for living arrangements. To utilise the 3-bed house as a managers residence alternatively you could reside in the 1 bedroom self-contained unit. The choice is comfort vs. additional profitability both are available to the new operator. Purchasers could also operate remotely and have a caretaker onsite.
Having completed refurbishments and rebranding and just reopened, The Shore Motel Milang has yet to be marketed but has received a nine (from 10) rating on Booking.com with outstandingreviews. The hard work is done and there is plenty to love about this opportunity.
- 12-room boutique, retro charm style motel
- 3-room fully refurbished guest house, with private patio and fire pit
- Fully renovated requiring no initial capital expenditure
- Run as a passive investment with acaretaker and cleaner
- Secured by a brand new 25-year lease
- Efficiently managed with remote self-check-in system
- Receives a 9/10 rating on Booking.com
- Solar system installed 27kW
- Only 75km from Adelaide
- Inspection by appointment only
Date updated: 17 Dec 2024 22:00:01
More Information
- Total Purchase Price: Expressions Of Interest
- Net Income: $ 196,450
(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?