Katherine River Lodge Motel is located only minutes from the town centre on the road to the ‘World Famous’ Katherine Gorge. The 62 units are in 3 separate blocks of 3 storeys set on a beautiful landscaped 1.04 hectares of area. There is a wonderful restaurant with a serviceable commercial kitchen and conference room. The reception area is very functional and has a separate Internet room.

The motel complex is well maintained and 24 of the units are on long term lease giving year round fixed income. There is a good mixture of single, double and family units. Internal roads are bitumen sealed and there is an abundance of tropical plants and trees giving a cool refreshing feeling.

. Swimming pool and undercover BBQ area and seating
. 3 Star rating
. Member of Motel chain
. Well maintained premises
. 3 Bedroom House for owner accommodation if needed
. Room to expand
. Huge potential

Projected Motel Turnover. 2010. $800,000.00. Projected A.N.P. $450,000.00
Projected Restaurant Turnover. $365,000.00. Projected A.N.P. $45,000.00.

Sale Price Asking $2.9 million Freehold

Jon Jenkins 0428885475