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1578ml - 4 Star Quality Property In Lismore For Sale

Lismore, New South Wales, Australia
Asking Price:
LEASEHOLD $990,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Great opportunity to purchase a superior property in an A1 position with nothing to spend.

Main property features include:
- 41 oversized superior rooms with lift access.

- House sized 3 bedroom apartment for the manager.

- Brick and tile construction with 26 years on the lease.

- In house restaurant and bar.

- Large reception and foyer, excellent business systems in place.

- Loads of storage and ample undercover onsite parking.

- No grounds or pool to look after.

Yes, COVID has affected the figures of motels in the area, but you are buying a property that has a huge potential to appreciate with good management. Catering for corporates, workers and visitors alike, it is rare to find a property with rooms as large as these are. The spacious rooms allow your guests to unwind after a day at work or play before they come downstairs to the bar for a refreshment and meal. This is one of the premier motels in this large regional centre and it is located next door to the Lismore Workers Club, in the CBD, where guests can walk to everything.

Lismore is the largest Regional City on the Far North Coast and boasts excellent medical facilities, a recently extended and renovated hospital, great sporting fields and good cultural events to attract people to the region. One of the largest Rainbow events on the Australian calendar happens in town every New Years.

The hard work has been done by the current operator who has a good level of repeat corporate customers and streamlined systems in place. This property will also offer an excellent depreciation schedule for a new buyer to minimise tax whilst improving your turnover.

So, if you’d like to leave the big smoke but still crave good amenities for you and your family, then look no further than Lismore.

Enquire now to receive a property memorandum and make a real change to your life.

Turnover: $1,336,670 for 2019/20

Net Profit: $304,369 for 2019/20

Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.

Property ID: 1578ML (quote when enquiring)

Property Code: 3837

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