The leasehold interest of an impressive 13 unit motel including Cody's Place (licensed tapas restaurant) which is leased out on a 3 x 3 lease. All units are self-contained. Beautiful large 3 bedroom owners residence. Facilities include kitchenettes in all rooms, large screen TVs, split system air conditioners and free WIFI access to all room.100m to beach & 200m walk to shopping centre.
Turnover - $384,179
Nett Profit - $137,612 after rent & all operating costs.
Annual Rent: $100,000 +GST (annual CPI)