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Management Rights to a 20 Unit Motel Complex on the Gold Coast Code 303451

Management Rights to a 20 Unit Motel Complex on the Gold Coast Code 303451

Management Rights to a 20 Unit Motel Complex on the Gold Coast
Management Rights to a 20 Unit Motel Complex on the Gold Coast
Sold!

Management Rights to a 20 Unit Motel Complex on the Gold Coast

Main Road location, close to Surfers Paradise and Southport

Solid brick construction. Includes a Manager’s 2-bedroom Freehold Unit & Office

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Management Rights to a 20 Unit Motel Complex on the Gold Coast
Management rights for sale to a total of 20 Units comprising of Studio Units, Semi Studio, 1-Bedroom and 2-Bedroom Units in the letting pool.
Includes a separate 2-bedroom Freehold Manager’s Unit. Units have their own private balcony.
All rooms are fully air-conditioned, excellent parking plus onsite BBQ area and a Pool.
The Manager’s Unit comprises of a separate garage/storage, kitchen, laundry, lounge and Reception/Office on the ground floor plus a Courtyard.
Within walking distance to the water for fishing, boating and Restaurants!
Owner states current income after all expenses is over $280,000.00 per annum.
Solid brick construction. Long lease in place.
Future development site as there is a total of 32 Units in the complex on 2,444 m2 land area.
A potential highrise development site. Secure your investment quickly!

Brokers Comments:
Ideal for a working couple or developer to land bank

Overview

Owner states Nett: Over $280,400.00 per annum income.
Lease: Over 15 years in place.
Price: Only $888,000 (Freehold Manager’s Unit: $250,000 & Management Rights: $638,000)
Code: 303451

This business has sold.
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