ResortBrokers is delighted to bring to market this high netting, 28-room Freehold and Business Motel in the unique outback location of Coober Pedy in SA and showing a 24.4% return.
The motel comprises 24 well-appointed above-ground motel rooms and 4 x two-bedroom apartments. Other facilities include a commercial kitchen and dining room with seating for 42 guests currently operating for breakfast, guest laundry, ample parking including space for larger vehicles and trailers and a recently upgraded reception area.
There is a spacious three-bedroom, fully furnished manager's residence with attached carport.
Currently enjoying high occupancy with strong forward bookings. The motel has an excellent mix of leisure, corporate and workers clients and a high percentage of direct bookings with good repeat clientele.
The scale allows buyers the option to either run as owner-operators or under management. The other option is that a lease could be split off and buyers can hold onto the much sought-after passive investment.
- High percentage of direct bookings
- Showing a 24.4% return to owner-operators
- High occupancy 84.6%
- Strong forward bookings
- 24 motel rooms plus 4 x two-bed apartments
- High netting motel
- Strong mix of corporate, government and leisure guests
- Opportunity for investors to buy the freehold and split off a brand new lease
- Solid repeat clientele
- Property inspections are by appointment only
