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Motel Business In Adelaide Airport Location For Urgent Sale For Sale

Adelaide, South Australia
Asking Price:
$500K - $1M (AUD)
Sales Revenue:
$500K - $1M (AUD)
Cash Flow:
$250K - $500K (AUD)

This Business is listed for urgent sale due to a family crisis, and the price has been reduced for immediate sale. The offering presents an opportunity to acquire a well estblished motel accommodation Business. An ideal opportunity for an astute Business person or husband and wife team to purchase this well run motel, located on busy road and only minutes from Adelaide Airport. The property features 30 rooms, Restaurant, Bar, on site parking, swimming pool, spa, commercial laundry, guest laundry. Capital improvements to the motel have been in excess of $250,000.00 up to 2015 from motel income.

Property information

Real Estate:

Lease

Lease Terms:

7 years left on current lease with option for new lease being put in place at the end of tenure.

Leasehold Rent:

295,200.00. per annum

Living Accommodation:

Managers quarters

Location:

West Beach

Premises Details:

Close proxsimity to Adelaide Airport, Petrol Station, Shopping Complex and Beach.

Size in square feet:
n/a
Planning Consent:

n/a

Business Operation

Expansion Potential:

Nil

Competition / Market:

1 motel

Reasons for selling:

Owner retiring

Trading hours:

6.00am - 11.00pm Monday - Sunday

Employees:
8
Years established:
approximately 30 years

Other Information

Support & training:

1 month of support from owner

Financing available:

n/a

Website:
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