If you're keen to get into the accommodation industry this quality leasehold motel in the centre of Lismore is a great choice.
The Lismore Wilson Motel has been operating for 20 years and is in excellent condition. Easy to operate, the current owners have run the motel for nearly 6 years and are ready to retire.
-Located on the main road into town from Ballina - about 1km from city centre
-Close to Southern Cross University and Lismore Base Hospital
-Variety of room configurations to suit wide range of guests
-Clientele includes corporate, sporting teams, hospital and university visitors and tourists
-Services include accommodation, breakfast and evening meals
-3.5-star rating and excellent reviews on TripAdvisor
-21 years left on lease
-Office opens from 8am to 9pm each day
-Liquor Licence & Food Handling Licence required
-3-bedroom, 2-bathroom owner's residence double lock-up garage
Styled to reflect the area's pretty heritage homes, the Lismore Wilson Motel offers a haven of peace and comfort in the city centre. Renovations completed in the last 2 years include new carpet, curtains and beds, interior painting, 40" TVs, new cabinetry (including vanities), lights and bathroom fittings, and split system reverse cycle air-conditioning.
Lismore has an urban population of around 27,569 with all the services and amenities you would expect, including public and private schools, a university, hospital and sports clubs.
Located 35km from the eastern coast, tourism is a major industry here, which makes this proven leasehold motel a sound investment.
Price: $495,000 (with a 40 % return on investment)