08 8361 3074

Murray Bridge Lodge

$99,000 + SAV ($2,000 approx.)

Business Description

At a Glance

  • Central Murray Bridge location
  • Approximately one hour south-east of Adelaide
  • Long lease in place
  • One working owner (approx. 6-10 hours per week)
  • Business operating since the 1980s

This motel is housed in a gorgeous heritage listed building which is perfectly located in the heart of Murray Bridge. Approximately one hour south-east of Adelaide, Murray Bridge is popular for tourists for its river views, events such as horse racing & speedway days/nights, its close proximity to Monarto Zoo and much more.

The motel’s facilities include:

• 5 x budget rooms

• 5 x deluxe rooms

• 1 x twin room

• 1 x 3-bedroom apartment residence (currently used as guest accommodation)

• 1 x breakfast room

• Balcony access/seating for guests

Suites include air conditioning, TV and free internet access.

With the business operating since the 1980s (approx.), the current owners purchased the business in October 2015. There are no staff employed within the motel, however, a cleaner will be contracted when required. The owner works approx. 6-10 hours per week managing the day to day operations and looking after reception.

Melanie Winter 0408 085 932

Extended Price Information

Goodwill including Plant & Equipment $99,000
Stock at valuation (approx) $2,000

Financial Summary

Year Sales Return to Owner
2018/2019 230,995 147,522
2019/2020 143,430 75,508
2020/2021 140,146 84,357

Staff Summary

There are no staff employed within the business. A cleaner is contracted on an as needed basis

Lease Summary

Current Rent $1,980 per month incl. GST
Lease Term 15 Years
Lease Commencement 1st November 2019
Lease Expiration 30th October 2034
Right of Renewal 1 x 15 years
Outgoings Paid by the Tenant
Adjustments CPI 5 yearly

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