Mid North Coast CBD Business Opportunity – New Lease With 35% Return! | Resort Brokers ID : LH005295

33 Victoria St,Taree NSW 2430

$650,000

HotelSize: n/a

Resort Brokers welcome to market a significant 28 room, 3.5 star bed and breakfast leasehold business with further value variables which are generally difficult to find in one place. Ideally located, this property offers a brand new 30-year lease and huge 35% ROI. There is a comfortable rent to net profit ratio and the upside of ownership operation. Consider the restaurant potential should you wish and the current owner’s motivation to move on to alternate businesses.




  • Business opportunity new 30 year lease with 35% ROI

  • Prime main street central location

  • Operated under management for past 3.5 years

  • Manageable with the majority ground floor rooms

  • Option to drive restaurant revenue (currently not operating by choice)

  • High repeat corporate guest rate

  • Current business owner is moving on and has priced accordingly


 


NB: Property inspections are by appointment only

Inspections

No open times scheduled. Contact Agent to arrange a viewing.

Key Details

Property Type:Hotel
Stamp Duty:$24,740

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Taree Suburb Information

 
 
Average Age
46 years
Population
15,848
Taree Profile
Taree Occupancy
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This listing has been viewed 1 time. It was first displayed on 26/05/18 and last updated on 16/11/18.