Description

Exceptional investment opportunity! Turn-key Motel with 22 rooms strategically located in the heart of Joliette/Saint-Charles-Borromée. Possibility to extend building and create additional rooms. Completely renovated and in great condition. Generating a very impressive return on investment (CAP rate of +/- 11% based on 2021 figures). Clean premises with quality clientele. Building and business' assets included in the sale. Alternatively, the site can be redeveloped (subject to city approval based on project intended).

Addendum

*DISCLAIMER: Information provided is based on sources considered reliable, without a guarantee of accuracy. No responsibility and/or warranty is assumed by the broker. This document is intended solely for informational purposes, and is made subject to errors, modifications, and omissions. The purchaser/lessee is encouraged to perform proper due diligence prior to an acquisition or lease agreement. This is not an offer or promise to sell/lease that could bind the vendor/lessor to the purchaser/lessee, but rather an invitation to submit such offers or promises. Any sale is made without legal warranty.

Sale without legal warranty of quality, at the buyer's risk

Description sheet

Features

Potential Gross Revenue

Assessment, Taxes and Expenses