2037ML - JUST RENOVATED, THIS MOTEL IS READY TO REAP THE REWARDS
LEASEHOLD $400,000 + SAV
Recently renovated, this 17 room Leasehold Motel in regional Far North Queensland is being presented to market for the first time since 2010.
With a great quiet location and ample space, this motel ticks all the boxes. A restaurant under lease adds to your income, without the added hassle of operation and your focus is just the motel side.
Run the Restaurant or Lease it out for $18,000 PA, giving you a low rental of $85,000 which is around $5,000 per room.
There is a further 15 years left on the lease, and with little maintenance post renovation it is waiting for someone to invest and reap the rewards.
A spacious three bedroom residence completes this property.
This Motel has not had a chance to take advantage of the full renovation with COVID-19 presenting itself. It is ready for an astute operator to take advantage of the recent refurbishment.
Vendor will welcome all offers.
Net Profit: $29,200 for 2019/20
Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2037ML (quote when enquiring)
Property Code: 3703