Motel freehold. Each room let out to permanent tenants.

Motel freehold. Each room let out to permanent tenants.

Stock Included: — Stock Value: —

Years Est: — Gross Revenue: —

This freehold and business brings in a steady return, BUT it is run under semi-management and takes very little of your time.
The units are managed by local property managers in Warrnambool.
The tenants only pay rent, so there is no need to chase up utility bills from the tenants which makes live easier.
Utilities are included in the rent that the tenants pay.
There is a total of 16 units that are fully furnished, and fully let on a minimum of 6 month leases.
They comprise of 10 x bedsitter units, 4 x one-bedroom units,
.................... 1 x two-bedroom unit, & 1 x three-bedroom unit.
There is an on-site commercial laundry.
This is an investment where you will own the freehold and have a slow steady income without the need of being tied to a motel, 7 days a week.
The return may be slower, but your time to enjoy life is invaluable and your most important asset.
Vendor is willing to negotiate a fair deal.
Quote MSA 5015 and call Michael on:- 0400 645 133, NOW !! or submit an enquiry now.

Additional Details

Sold Status: Sold
Status Changed: 2019-01-16