2335ML - SHOW ME THE MONEY, REGIONAL MOTEL WITH 35% RETURN ON INVESTMENT
REDUCED LEASEHOLD $450,000
A solid 2020 performer, this Regional Queensland Motel Leasehold is a well-maintained 3.5-star motel offering a competitive rent and a prime position on the main road into Ayr – Far North Queensland.
14 modern rooms, all in excellent condition, this motel would suit a couple wishing to move to regional Australia and want to live and work from home in this vibrant rural area renowned for sugar cane, small crop farming and beautiful fishing and sandy beaches.
The Motel has been performing well over the last 5 years averaging 75% occupancy.
The one level, modern brick construction motel offers standard facilities which include in-room coffee/tea, mini-bar fridge, air conditioning and wireless internet access. With award winning Peppers Restaurant, meals are available from the restaurant with dine in or can be ordered to the room.
Stepping out of your door, all rooms are located on the ground floor with east access to parking space.
This motel has performed strong over COVID and is now making a full recovery back to normal with occupancy back up to 80% average over the last 3 months.
Other facilities include a swimming pool set in a tropical garden setting located beside reception. The reception is attached to the ground floor area for ease of access.
This Motel would suit the next move up from a smaller leasehold to venture up into a prime-time property with full restaurant and modern accommodation rooms.
Lastly, life will be enjoyable as there is a stylish 3 bedroom residence and bathroom located on the top level above the restaurant with and ample living area and a second bathroom on the ground floor.
Three year average return on investment of 40%, and a COVID Return on Investment of 35%, this Motel Leasehold is a solid long term performer.
Net Profit: $209,422 (3 Year Adjusted Net profit Average)
Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2335ML (quote when enquiring)
Property Code: 3626