Ayr, Queensland

2037ML - JUST RENOVATED, THIS MOTEL IS READY TO REAP THE REWARDS

LEASEHOLD $400,000 + SAV

Property Description

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

Property Summary

Motel Information

Marketing Agent
Antonio Curulli
Antonio Curulli

Listing location
Gallery

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