Motel · Parkes · LH007796
Presenting to the market is the opportunity to acquire the long-term lease of a high-performing motel in Parkes. Hotel Gracelands has a 41-year lease in place and is currently showing strong occupancy in the motel and a substantial trade in the restaurant for meals as well as being used as a function centre. The leasehold is being sold as a going concern; hence, management wages are added back. The net profit for 11 months is $290,669 with a purchase price of $695,000 which resembles this business being sold plus 41% yield. The property has historical figures showing continued strong trading figures that have grown from year to year. Please contact a broker at ResortBrokers to discuss the property further. Don't let this leasehold pass you by.
The numbers.
Parkes.
The deal in one paragraph.
This asset has settled. The page is preserved as a case study — the strategy, the buyer pool, the time-to-close and the multiplier are kept on record. The broker who placed it is the same one who'll discuss similar opportunities with you.
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