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Katherine, address available on request

Katherine, address available on request

Hotel/Leisure

  • Sold $350,000
  • Mon 03-Jun-19

  • Floor Area
  • 1 m²
  • Building
  • Whole
  • Last Updated
  • Jun 08, 2019

Interested in this property? Contact an Agent today

Accommodation Business Brokers - HOPE ISLAND

8222 Magnolia Drive West

Hope Island Qld 4212

NORTHERN TERRITORY 40 ROOM LEASEHOLD MOTEL FOR SALE SHOWING OVER 48% RETURN!

As Exclusive Brokers, we are pleased to present the leasehold interest of the Katherine Motel.

Situated in the centre of Katherine CBD, this 40 unit Motel is an absolute money maker.

This property has a very high turnover. With that comes an enviable return of over 48% on your investment.

The Motel is in excellent condition, as is the owner's four bedroom free standing residence. The Motel is complimented by an in-ground saltwater swimming pool.

The Restaurant and Bar have a registered sub lease and the Tenant of the Motel receives an incoming rent of $26,000 per annum. The Tenant is also paying outgoings for the Restaurant and Bar.

The town of Katherine is the fourth largest in the Northern Territory, situated 320 kilometres south-east of Darwin on the beautiful Katherine River. Katherine is often called the 'Crossroads of the North' as it is located on the junction of the Stuart Highway linking with the north and south and the Victoria Highway to Western Australia.

For those looking to make some serious money, this property will offer it all.
Book an inspection NOW.

Katherine, address available on request

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