Ascot, Queensland

2291ML - High Quality 4 Star Motel, Prime Location, Rare Opportunity in Brisbane

SOLD

Business Description

- Rare opportunity to purchase motel lease in such a location

- Close to airport (10 minutes)

- High quality Best Western 4 star motel

- Long term consistent performer

- Consistently high occupancy

- 30 year lease

- 5 minute walk to Doomben Race track and 10 minutes to Portside Wharf 15 minutes walk to Eagle Farm Race Track

- Regular return guests with good mix of corporate and leisure clients

- Low maintenance easy to run

- Owner operate or run under management

- Quite location

- Access to public transport, rail, bus and city cat and easy access to motorway

- Package rate includes breakfast, hi speed internet, Foxtel movies and sports channels and parking

The Airport 85 Motel is perfectly located only 10 minutes from Brisbane Airport.

Situated in a quiet, highly sought-after location within sub-tropical gardens, boasting 25 rooms of various configurations, all with modern decor with mostly king beds.

This 4-star rated property is a well-established successful business which has maintained a high occupancy and above average rates for the area.

On offer is the Leasehold interest of a 25 unit two-story motel with small in-house dining room operated for breakfast only, with an inground pool and spa and a two bedroom fully renovated manager’s residence.

This corporate style motel could by successfully and easily run by owner operators or under management.

The rooms are of modern décor and in excellent condition, with minimal maintenance costs, very low maintenance grounds, minimal lawn to mow and mulched gardens, all ensure the new owners can spend their time on the business and the guests to maximise the bottom line.

There are outstanding opportunities for the business going forward. New owners could easily maximise the potential of the unused restaurant, introduce a dedicated web site, increase social media presence, possibly even drop the Best Western association, any or all of these will further increase income and profits.

The property’s position is the key being so close to Brisbane Airport, but far enough away from the hustle and bustle of noisy traffic (no need for double glazing here unlike Kingsford Smith Drive properties).

Being on the short list of properties within a 10-minute drive or better still walking distance to so much Brisbane has to offer, highlights why this motel is one of the few in Brisbane in such an outstanding position.

All of this combines to make the Airport 85 motel to be an extremely rare opportunity for the knowledgeable motelier.

Make it yours, give me a call to arrange a viewing.

Net Profit $233,967 for 2017/18

Contact Mark Tuck from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2291ML (quote when enquiring)

Property Code: 2964

Business Summary