We are pleased to offer for sale this excellent Leasehold opportunity in the NSW Northern Rivers city of Lismore.
This fantastic motel is located on the main road through the city and is close to the facilities the city has to offer.
The motel features 27 rooms that have all been recently refurbished, with around $200k being spent. Updates include new beds, new carpet, new split system air conditioning, new vanity cabinets and basin, plus many other improvements.
This all means the motel is now seeing outstanding growth and repeat business, allowing the next owner to reap the rewards. Showing a massive 50% ROI on last year’s figures.
The large mangers residence features 3 bedrooms, 2 bathrooms over two levels with reception on the ground floor under the residence. There is also a 2 car lock up garage and loads of storage space.
This well present motel is easily operated by a couple with good casual cleaning staff in place.
Book an inspection to see this fantastic property for yourself.