Citrus Motel
Citrus Motel
Leasehold $420,000
SOLD - Citrus Motel, Griffith NSW - 1P0090
Agent
Dan McDonald
0437838368
Citrus Motel
Leasehold $420,000
EXCLUSIVE TO MHB
Excellent Entry Level Leasehold Motel Opportunity!
Easy to run and operate, offering 28 well-presented rooms, including a self-contained apartment, reception area, combined in-ground swimming pool and BBQ area, ample guest parking plus a spacious 3 bedroom family residence set within manicured and landscaped gardens.
Located in the vibrant regional city of Griffith, NSW, the Citrus Motel is perfectly positioned close to the city with all it has to offer.
Key Features:
* 28 well-presented rooms
* Long lease with approx. 19.5 years remaining with good terms
* 47.4% (approx.) Buyers Yield
* Central location within a vibrant regional city
* Very strong corporate and local industry clientele
* Limited online exposure presenting valuable upside
* 3 bedroom family residence
* Combined in-ground swimming pool and BBQ area
* Excellent signage with appealing street presence
* Easy to run and operate
Well priced to meet the market this attractive motel offers the potential for development to the potential purchaser.
Contact Dan McDonald at MHB to arrange an inspection.