The Para Vista Motel is located a short stroll from the Parap Village Markets, Parap Hotel and only few minutes from Fannie Bay race course and Darwin City.
19 rooms plus a 3 bedroom cottage, pool, BBQ area and ample car parking on a 1530 sqm block.
Great opportunity to purchase a freehold and perhaps in the future consider selling the lease and retire.
* Exceptional investment opportunity with a very high net profit
* Recent renovations and upgrades to all 19 rooms
* Outstanding guest reviews (8.0 Superb Booking.com) assuring repeat clientele
* Short walking distance to restaurants, markets and Parap hotel
* Very popular motel with consistent year on year income & profits
* Air-conditioned, satellite TV and free Wi-Fi
* In house laundry service and guest kitchen
* Ancillary income from communications tower with a perpetual lease
With the local real estate market booming, the Para Vista Motel presents a perfect opportunity to purchase a rock solid freehold motel in area with very little budget accommodation.
Make your enquiry today and receive more information on the motel, why not book an inspection and take a look around town while you are here, you're sure to be impressed.
Parap Market: 0.6 km.
Museum & Art Gallery of the Northern Territory: 1 km.
Darwin Botanic Gardens: 1.1 km. George Brown Darwin Botanic Gardens: 1.1 km. Fannie Bay Race Course: 1.2 km. Aquascene: 2.9 km. Darwin Entertainment Centre: 2.9 km. Crocosaurus Cove: 3 km. Mindil Beach: 1.3 km.
Restaurants & cafes...
Restaurant Parap Tavern: 0.3 km. Raging Bull Steakhouse: 0.3 km.
Oka Teppanyaki Restaurant: 0.8 km. Darwin Sailing Club: 1.2 km.