Coastview Motor Inn

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Business Description

- Situated at Port Noarlunga

- 40 minutes from the city

- 15 apartments over 2 storeys with spectacular ocean views

- Luxurious 4 bedroom residence

- Café / restaurant opens 4½ days

- Great profits steadily growing with repeat business

- Good lease & nothing to spend.


David Hutchinson 0414 440 953

Extended Price Information

Goodwill including Plant & Equipment $400,000
Stock at valuation (approx) $10,000
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$410,000


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Staff Summary

Seven casual staff and two vendors.

Lease Summary

Current Rent $8,714.08 per month (GST incl.)
Lease Term 5 years
Lease Commencement 7th May 2013
Right of Renewal 3 x 5 years
Outgoings Paid by tenant
Adjustments CPI annually & to market at end of term
Bank Guarantee 1 month's rent + GST

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