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Acquire a Premier Resort in Beachside Town on the Byron - Ballina Coast. | Resort Brokers ID : LH008341
$2,700,000
Motel (Leasehold) hospitality, WEST BALLINA NSW
ResortBrokers exclusively presents the Ballina Byron Islander Resort, a trophy asset in Ballina.
This 40-room motel, complete with a conference centre, bar, and acclaimed restaurant, is a prime investment opportunity. Recently renovated rooms, a pool, and outdoor dining area enhance guest experience. Its strategic location on the main thoroughfare and proximity to a major regional airport boost its appeal. Suitable for owner-operators and motel groups, it can be efficiently run under management. Includes a spacious three-bedroom home on-site.
- Trophy asset nestled in the sought-after Ballina - Byron Bay region.
- Long 27-year lease.
- Prime location with high visibility on the main thoroughfare into town.
- Strategically positioned in a city serviced by a major regional airport.
- Large-scale operation with 40 rooms, a conference centre, bar, and restaurant.
- Efficient management system allowing for seamless operation under management.
- Recently renovated rooms enhancing guest experience and boosting appeal.
- Esteemed reputation as one of the town’s finest motels.
- Guest-friendly amenities including a pool and outdoor dining area.
- Inspection by appointment only.
Date updated: 01 Nov 2024 00:00:04
More Information
- Total Purchase Price: $2,700,000
- Net Income: $ 805,445
(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?