$99,000 + SAV ($2,000 approx.)
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
|Goodwill including Plant & Equipment||$99,000|
|Stock at valuation (approx)||$2,000|
|Year||Sales||Return to Owner|
|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|