Motel River Bend
Sold
Business Description
Ideally located in Tailem Bend on the main Adelaide-Melbourne Highway, some 100 kilometres from Adelaide. Be the winner to take advantage of the influx of motor racing fans expected with the opening of the Bend Motorsport Park next year.
At a glance:
- 14 recently refurbished rooms
- Spacious 3 bedroom residence with lounge/dining area, and large modern kitchen
- Reception area
- Good profits
- 20 year lease
- Ideally first time motel owner opportunity
David Hutchinson - 0414 440 953
Motel River Bend
Sold
Motel River Bend
Sold
Motel River Bend
Sold
Motel River Bend
Sold
Motel River Bend
Sold
Motel River Bend
Sold
Extended Price Information
| Goodwill including Plant & Equipment | $620,000 |
|---|---|
| Stock at valuation (approx) | $2,000 |
| $622,000 |
Staff Summary
One casual and one contract cleaner are employed within the business.Lease Summary
| Current Rent | $70,000 per annum (no GST is payable as the landlord is not registered for GST) |
|---|---|
| Lease Term | 1 x 5 years |
| Lease Commencement | 4th March 2017 |
| Right of Renewal | 3 x 5 years |
| Outgoings | Paid by tenant |
| Adjustments | CPI annually with market review at end of each renewal period |