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]

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]

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

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]

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

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