The Freehold Passive Investment of the Cherry Blossom Motel, Young, has been sold by Ray Larkin and Malcolm Mathie, Directors of Motel Sales, Manenti Quinlan and Associates.

The Cherry Blossom Motel, Young, was owned as a Freehold Going Concern by Ryals Pty Ltd, with Manenti Quinlan and Associates selling the Leasehold to Henfeng Pty Ltd in mid 2024 for $1,295,000 advised Mr Malcolm Mathie.

The Freehold Passive Investment was marketed in an off-market campaign with the property being purchased by Farlen 2 Pty Ltd (which owns several investment motels) for $4.2 Million with a 7 percent yield.

Demand for Freehold Investment Motels is extremely strong with the Cherry Blossom Motel selling in under a week at the full asking price advised Ray Larkin.

The Cherry Blossom Motel, Young, is set on 4,129m2 of flat land with 30 ground floor units, breakfast room, plus three bedroom owner’s accommodation.