Immaculately Presented Leasehold Motel plus 3-Bedroom Residence
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This is a fabulous opportunity for a buyer keen to get into the hospitality industry, without the pressure of purchasing a freehold premises.
Crystal Fountain Motel is a leasehold investment in the Albury suburb of Lavington, just 3 minutes from the CBD. Boasting excellent shopping, sport and educational facilities, Lavington offers easy access to the Murray River, Lake Hume and the Riverina orchards and vineyards.
Built in 1985, this immaculately presented, solid brick motel is set in beautiful tropical garden surrounds, and enjoys a prominent position just off the main highway, on the fringe of this busy town.
Popular with tourists, corporate travellers, families and sporting groups, the motel is currently run by the owners, with two casual cleaners, and turned over an average of $310,000 over three years.
Sitting on 4300sqm, this 3.5 Star motel comprises 21 rooms (5 double, 7 twin, 9 family), inground saltwater pool and BBQ area, indoor spa room and sauna, Foxtel, wireless and dial up internet, and off street and trailer parking.
At a glance:
- All rooms open out to the tropical gardens and pool
- Includes a spacious 3-bedroom residence
- Leased until 2034
An ideal business for a couple, this golden opportunity is available now, as the owner wants to retire.