All motel and management rights buyers… This could be the buy of the century!
- 10 year Caretaking Agreement
- 25 year Letting Agreement
This iconic motel situated on the banks of the mighty Clarence River at Yamba, Northern New South Wales is being converted to strata
STOP THE PRESS: All apartments under contract!
The ideal purchase; manager’s residence, office, commercial kitchen, store rooms, laundry and carpark all on one title (194m²)
The management and letting rights to holiday short term accommodation (no permanent living permitted), this business is established as a motel and will convert to a management rights in late February 2016 and should show around 20% return on entire investment.
Total Asking Price inclusive of manager’s real estate on a W.I.W.O basis including stock on settlement: $930,000
Note: No stamp duty payable on business component
All initial enquiries to:
Exclusive Agent: Jake Clarke – 0418 663 661