Motel River Bend

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Business Description

Ideally located in Tailem Bend on the main Adelaide-Melbourne Highway, some 100 kilometres from Adelaide. Be the winner to take advantage of the influx of motor racing fans expected with the opening of the Bend Motorsport Park next year.

At a glance: 

  • 14 recently refurbished rooms
  • Spacious 3 bedroom residence with lounge/dining area, and large modern kitchen
  • Reception area
  • Good profits
  • 20 year lease
  • Ideally first time motel owner opportunity

David Hutchinson - 0414 440 953

 


Extended Price Information

Goodwill including Plant & Equipment $620,000
Stock at valuation (approx) $2,000
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Leasehold $622,000


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Staff Summary

One casual and one contract cleaner are employed within the business.

Lease Summary

Current Rent $70,000 per annum (no GST is payable as the landlord is not registered for GST)
Lease Term 1 x 5 years
Lease Commencement 4th March 2017
Right of Renewal 3 x 5 years
Outgoings Paid by tenant
Adjustments CPI annually with market review at end of each renewal period
Current Rent

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