Motel Poinsettia
Sold
Business Description
- 23 room motel situated in Port Augusta, 320km north of Adelaide.
- Includes 3 bedroom residence, BBQ area, guest laundry, and has had same owners for 10 years.
- Easy to run with no restaurant.
- Good profits and main road location make this rare freehold and business a great opportunity.
- The freehold property is also available.
David Hutchinson 0414 440 953
Motel Poinsettia
Sold
Motel Poinsettia
Sold
Motel Poinsettia
Sold
Motel Poinsettia
Sold
Motel Poinsettia
Sold
Motel Poinsettia
Sold
Motel Poinsettia
Sold
Extended Price Information
| Goodwill including Plant & Equipment | $480,000 |
|---|---|
| Stock at valuation (approx) | $3,000 |
| Total Price | Leasehold business $483,000 |
| Freehold (optional) | $1,150,000 |
| $1,633,000 |
Staff Summary
The motel currently employs 7 casual staffLease Summary
| New Rent | $92,000 per annum + GST |
|---|---|
| Lease Term | 5 years |
| Lease Commencement | Date of Settlement |
| Right of Renewal | 4 x 5 years |
| Adjustments | CPI annually & to market an renewal periods |