Ascot, Queensland
GREAT STARTER MOTEL LEASEHOLD IN BRISBANE SHOWING 39% RETURN!
SOLD
Business Description
We are pleased to have been appointed as Exclusive Brokers to market the leasehold interest of the Airway Motel.
Airway Motel located in Ascot, very close Eagle Farm and Doomben Racecourses, and Ascot Village. Other sporting venues close such as Royal Queensland and Nudgee Golf Courses or for rugby and cricket fans the Suncorp Stadium and The Gabba are a short drive.
The Airway Motel is patronized by families and people wanting to attend the many events held in nearby sporting facilities.
The Motel is within the Brisbane Airport Precinct and as such a good place to stay before flying or cruising.
The Motel consists of two buildings constructed of Brick Block. It boasts 21 rooms with most car parking undercover. There are many configurations of room to accommodate families, couples and individuals. They serve breakfast and are informative about the local restaurants in the area for other meals.
The Business has averaged adjusted Nett Profit of $132,000 over the last 3 years and is priced to sell at the asking price of $335,000.
Business Summary
Key Investment Insights
1. Prime location near popular sporting venues and Brisbane Airport, making it a convenient option for travelers and event attendees.
2. Consistent and profitable business with an average adjusted Nett Profit of $132,000 over the last 3 years.
3. 21 well-maintained rooms with a variety of configurations to accommodate different types of guests.
4. Majority of car parking is undercover, providing convenience and protection for guests' vehicles.
5. Strong reputation for serving breakfast and providing helpful recommendations for local restaurants.
6. Priced competitively at $335,000, offering a great opportunity for a new owner to enter the motel industry with a solid return on investment.
7. Exclusive brokers have been appointed to market the leasehold interest, indicating a professional and organized sales process.
8. Located in a popular and growing area of Brisbane, providing potential for future growth and expansion.
9. Strong market demand for accommodation in the area due to its proximity to popular events and attractions.
10. Potential for additional revenue streams, such as offering shuttle services to the airport or partnering with local businesses for special packages.
