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EXCLUSIVE TO CRE BROKERS. Well-positioned, being the first motel leading into town. This secure Freehold Investment offers 14 ground floor rooms, fresh paint to the exterior and the rooms are smartly decorated. The property has been refurbished inside and out and it is now complete and looks stunning. It has been well maintained by the tenants with many improvements including new motel kitchen and bathrooms, and with the recent installation of a new solar power system.
With Freehold Passive Investment motels seldom coming to the market, especially in coastal locations, this property is well priced showing an 8% Return on Investment with an annual increase in rent due in August 2019.
All outgoings are paid by the tenant.
First to inspect will buy…….Be Quick!!