Address available on request,
Taree, NSW 2430

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1290ML - 34% ROI - Best Positioned Motel in Mid North Coast City - Quality 3.5 Star

Position Position Position!! This motel offers 20 well presented rooms of varying configuration and caters mainly for corporate travellers. Due to the present owner's efforts with recent refurbishing and repositioning, the turnover has continuously increased as a result. This financial year a further 15% increase in T/O is expected. There is a spacious two bedroom residence with a private courtyard suitable for a child or pet. It is a very easy bed and breakfast operation with no need for evening meals as there are plenty of choices close by. There is a long lease in place and the rent to net profit ratio is low, allowing you to maximise your return for effort.
If you are seeking your first motel or simply wanting an easy to operate high return solid motel in a desirable Mid North Coast location. Be quick to contact us.

Net Profit $236,587 (expected for 12mths ending 30/04/2014)

Contact Warren Sweetman from Tourism Brokers for further information or to arrange an inspection.

Property ID: 1290ML

Property Code: 1105

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Taree, 2430 demographic data

The median household income for Taree is $968, 32% lower than Regional New South Wales's household income of $1,434. Taree has an older age profile compared to the rest of Regional New South Wales (median age 45 vs 43). Property ownership data shows 37% of property owners in Taree have a mortgage.

16,715

Population

$968 per week

Median household income

45 years

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