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Motel Leasehold Kadina Gateway Motor Inn For Sale

Kadina SA 5554, South Australia
Asking Price:
$550,000 (AUD)
Sales Revenue:
$500K - $1M (AUD)
Cash Flow:
$100K - $250K (AUD)

Situated on a rural setting of approx 7 acres only 90 minutes from Adelaide and a short drive to popular beaches of Moonta Bay Wallaroo and Port Hughes this leasehold motel has shown consistent high profits over a long term.
This easily run business consists of 20 units and has a restaurant which is contracted out to successful operators under a short term management agreement. Vendors currently serve breakfasts as required.
Comfortable spacious owners’ residence adjacent Reception offers 3 bedrooms, separate lounge, dine, kitchen, office, laundry, bathroom together with private rear yard suitable for animals. The motel also has a pool.
Attractive long term lease which if all options were exercised will run until 2045.
Plenty of room for expansion to include cabins etc STCC.
Priced to sell at $580,000 WIWO
A confidentiality agreement will be required prior to supplying any financial information.

Property Information

Real Estate:

Lease

Lease Terms:

attractive 10 yr lease with two rights of renewal of 10 years each expiring 2045

Living Accommodation:

comfortable 3 bedroom residence adjacent to reception with sep lounge kitchen dine office laundry and bathroom.

Location:

Situated on 7 acres in natural bush setting 2kms from Kadina and short drive to popular fishing and swimming beaches.
90 minute drive from Adelaide and 60 minutes to Clare Valley Winery district

Premises Details:

20 unit motel with comfortable residence and enclosed rear yard

Business Operation

Expansion Potential:

Ample room for expansion with cabins etc stcc.

Reasons for selling:

owners retiring

Years established:
established 1985

Contact Information

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