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Well Established Motel In Glenelg For Sale

Adelaide, South Australia, Australia
Asking Price:
$500,000 (AUD)
Sales Revenue:
$500K - $1M (AUD)
Cash Flow:
$100K - $250K (AUD)

This well established motel is ideally located in the heart of Glenelg, a 2 minute walk to beautiful Glenelg Beach, Glenelg Marina, Restaurants, Hotels, the Adelaide Tram, and Jetty Road shopping precinct. It comprises of 38 upgraded rooms, including 3 spa rooms, 3 interconnecting family rooms and 2 kitchenettes. Managers quarters, a large reception area, and ample on site parking.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

10 year new lease from 2016 with option for new lease at the end of existing term.

Leasehold Rent:

300,000.00 (inc GST) per annum

Location:

Glenelg

Premises Details:

Walking distance to Jetty Road, Beach, Marina, Hotels and Restaurants.

Business Operation

Reasons for selling:

Owner retiring and moving interstate

Trading hours:

7.30am - 8.30pm (7 days a week)

Employees:
8
Years established:
Approximately 40 years

Other Information

Support & training:

1 month of support from owner.

Website:
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