We are pleased to offer this huge cash flow business in one of Tasmania's high growth tourism areas. Not reliant on just the tourism sector, this motel is well placed to provide accommodation to a large local mining industry and supply contractors, corporates, local and federal government, medical and the fly drive markets.Recent upgrades have painted and repaired the exterior to a high standard, refurbished 10 rooms and upgraded the kitchen and the dining room. The lessee need have no worries that the property will need major maintenance for many years.Tasmania- Well established AAA rated 3 star motel offering 40 years of trading history comfort55 rooms all with ensuites offering guests a choice of family, double, single, twin and king combinationsEstablished in-house restaurant and guests bar. Highly popular with corporate guests, tourist and localsDiverse business from coach tours, fly-drive holidays, local tourist, corporate, mining, government and industryManagers accommodation is a two bedroom flat with ensuite and lounge, also a second 1 bedroom suite available for assistant manager/chef etc. Freehold owner has recently repainted and up graded the building to a high standardNew 30 year lease, market rent, CPI annual rental increasesExcellent cash flow with a whopping 35% net return Net$247,000 (Adjusted)Turnover$1,071,926 (2007/08)