Biloela, Queensland
HIGH YIELD LEASEHOLD BILOELA QLD - 2094ML
SOLD
Business Description
- 29 unit motel with strong trading results.
- High profile location on the edge of CBD.
- New 30 year lease. 5 years plus 5 x 5 year options.
- Licensed restaurant with private bar area (currently closed).
- Accommodation in Biloela at an all-time high. To continue for the next 10 years.
- Well maintained motel with renovations and upgrades over the last 10 years.
- Three bedroom manager’s residence, in-ground pool, barbeque area.
- Ideal business for owners or investors alike.
- High net return on investment.
On offer is a very busy 29-unit motel in Biloela, where demand for accommodation is at an all-time high and will continue for the next 10 years.
Currently the motel has permanent bookings with two large companies taking the majority of the motel rooms nightly. These contracts guarantee bookings for the next 12 months and beyond.
Biloela has five major wind farms planned for construction over the next 10 years and local council planning is indicating a shortfall of accommodation throughout the town and region.
The motel was refurbished over the last 10 years with all bathrooms upgraded, rooms repainted, new carpet and replacement of all furniture. In recent years all televisions and many A/C units have been replaced.
Net Profit: $496,656 for 2022/23
Contact Richard O'Connell from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2094ML (quote when enquiring)
Property Code: 4684
Business Summary
Key Investment Insights
1. High demand for accommodation in Biloela, with guaranteed bookings for the next 12 months and beyond.
2. New 30 year lease with options for 5 x 5 years.
3. Licensed restaurant with private bar area, providing potential for additional income.
4. Well-maintained motel with renovations and upgrades over the last 10 years.
5. Three bedroom manager's residence, in-ground pool, and barbeque area included.
6. Ideal business for both owners and investors.
7. High net return on investment.
8. Located on the edge of the CBD, in a high profile location.
9. Biloela has five major wind farms planned for construction over the next 10 years, indicating a continued demand for accommodation.
10. Strong trading results, with a projected net profit of $496,656 for 2022/23.
