We are pleased to offer for sale this excellent Freehold Going Concern motel located in the thriving NSW North Coast town of Grafton.
Featuring 30 good sized rooms some of which have been refurbished and located on the edge of the CBD this property has loads of upside.
Business in Grafton is seeing excellent growth with a number of major projects currently under way, including the Pacific Highway bypass, the $240 million construction of a new bridge in the centre of town and the construction of a new 1700 inmate prison (the largest in the country).
This is a great opportunity to purchase a large motel, build up the business and sell off a lease to secure an excellent passive income or work it yourself for greater returns.
The current owners have owned the property for the last 9 years and have just taken over the management of the motel as the previous tenant did not renew the lease. They are motivated to sell and move on to the next venture.
Be quick, call to book an inspection today!!