kindren replied to the topic Motel Investment in the forum Commercial Property 11 years, 1 month ago
Hi Crest and others,
I have not logged on to this site for some time. Last time I was here, I was looking at motels in both Goulburn and Lithgow, however I am pleased to say we finally took the plunge and purchased a leasehold at Warrnambool Vic last year. It is a reasonable size 80 odd rooms with function rooms, restaurant and day spa attached.…[Read more]kindren replied to the topic Motel Investment in the forum Commercial Property 11 years, 1 month ago
Hi Crest and others,
I have not logged on to this site for some time. Last time I was here, I was looking at motels in both Goulburn and Lithgow, however I am pleased to say we finally took the plunge and purchased a leasehold at Warrnambool Vic last year. It is a reasonable size 80 odd rooms with function rooms, restaurant and day spa attached.…[Read more]kindren replied to the topic Motel Investment in the forum Commercial Property 12 years, 6 months ago
Hi all, have been following the forum for some time, great stuff, I feel we are getting closer to a purchase. Can anyone comment on Goulburn as a motel town and growth in Goulburn. Also any thoughts on Lithgow, both obviously attract a different clienteleCheers
kindren replied to the topic Motel First Time Prospecting Buying & Operating Lease or Freehold Questions in the forum Commercial Property 12 years, 11 months ago
Thankyou therest, you are most informative.Is there a basic 'rule of thumb' loosly used for projected capital growth for a freehold and also for a leasehold?eg with residential property we hear 7-10 year doubeling effeft, is there a guide for motels? I would think it largly dependant on the way it is managed, but having read a lot of your posts…[Read more]
kindren replied to the topic Motel First Time Prospecting Buying & Operating Lease or Freehold Questions in the forum Commercial Property 12 years, 11 months ago
Hi, thankyou for the welcome.currently interested in a listingRough details areMotel leasehold, restaurant Chainbuilt in early 80's40+ rooms$1.3-$1.7 T/OOn the pacific HWY.We are looking at others also, not in CoffsAny advise appreciatedCheers
kindren replied to the topic Motel First Time Prospecting Buying & Operating Lease or Freehold Questions in the forum Commercial Property 12 years, 11 months ago
Hi thecrest,I would value your opinion on motels in Coffs Harbour, pacific hwy location. Should have a mix of "through traffic" and "destination traffic" also a large town 60,000+ people, so possibilities of corporate trade…Thankyou