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5 Mackillop Street, Parap, NT 0820

5 Mackillop Street, Parap, NT 0820

Hotel/Leisure

  • For Sale
  • $2,238,000
  • For Sale

  • Land Area
  • 1530.00 m² (approx)
  • Floor Area
  • 1,000 m²
  • Last Updated
  • Jul 14, 2021

Interested in this property? Contact an Agent today

First National Commercial - O'Donoghues

141 Mitchell Street

Larrakeyah NT 0820

Solid Investment Freehold Motel in Darwin - Freehold Going Concern

The Para Vista Motel is located a short stroll from the Parap Village Markets, Parap Hotel and only few minutes from Fannie Bay race course and Darwin City.

19 rooms plus a 3 bedroom cottage, pool, BBQ area and ample car parking on a 1530 sqm block.

Great opportunity to purchase a freehold and perhaps in the future consider selling the lease and retire.

* Exceptional investment opportunity with a very high net profit
* Recent renovations and upgrades to all 19 rooms
* Outstanding guest reviews (8.0 Superb Booking.com) assuring repeat clientele
* Short walking distance to restaurants, markets and Parap hotel
* Very popular motel with consistent year on year income & profits
* Air-conditioned, satellite TV and free Wi-Fi
* In house laundry service and guest kitchen
* Ancillary income from communications tower with a perpetual lease

With the local real estate market booming, the Para Vista Motel presents a perfect opportunity to purchase a rock solid freehold motel in area with very little budget accommodation.

Make your enquiry today and receive more information on the motel, why not book an inspection and take

5 Mackillop Street, Parap, NT 0820

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