Biloela, Queensland
SECURE YOUR INVESTMENT INTO THE FUTURE - 2094MI
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.
New lease for 30 years has just been initiated with a new tenant, which secures the investment into the future.
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.
Annual Rent: $250,000 plus GST for year 1
Contact Richard O'Connell from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2094MI (quote when enquiring)
Property Code: 4866
Business Summary
Key Investment Insights
1. The motel has a high profile location on the edge of the CBD, making it easily accessible for guests.
2. The new 30 year lease provides a secure investment for the future.
3. The motel has a licensed restaurant with a private bar area, which has the potential for additional income once reopened.
4. The demand for accommodation in Biloela is at an all-time high and is expected to continue for the next 10 years.
5. The motel has been well-maintained with renovations and upgrades over the last 10 years, making it an attractive option for guests.
6. The three bedroom manager's residence, in-ground pool, and barbeque area provide additional amenities for guests.
7. The business is ideal for both owners and investors, with a high net return on investment.
8. Biloela has five major wind farms planned for construction over the next 10 years, indicating potential for continued growth in the region.
9. The motel has been recently refurbished, with upgrades to bathrooms, rooms, and furniture.
10. The annual rent for the first year is $250,000 plus GST.
