Substantial Leasehold Hotel Motel Opportunity - 142HL

Key Investment Insights

1. The current lease for the hotel motel runs until 2031 with options to extend until 2051, providing stability and potential for long-term growth.

2. The property is situated on a large 1.55 hectare plot, providing ample space for expansion and development.

3. The hotel motel boasts a high-performing gaming area with 15 poker machines, providing a steady stream of income.

4. The motel offers 36 low-set rooms, providing comfortable and convenient accommodation for guests.

5. The property features undercover parking, making it attractive to guests with vehicles.

6. The recently renovated double-lane drive-through bottle shop is a popular feature of the hotel, providing a convenient and profitable service.

7. The hotel also features a public bar, bistro, and alfresco/beer garden, providing a variety of dining and entertainment options for guests.

8. The conference and function rooms can accommodate up to 300 people, making it an ideal venue for events and functions.

9. The hotel's income is diversified, with accommodation, bottle shop, gaming, restaurant, and bar revenues contributing to the overall profitability.

10. The option to acquire the freehold property is available, subject to negotiation.

11. The projected net profit for 2024/25 is $1,100,000, as provided by the vendor, indicating strong potential for growth and profitability.

12. Interested parties can contact Laurence from Tourism Brokers for further information or to arrange an inspection.

13. The property has a designated Property ID of 142HL, which should be quoted when enquiring.

14. The property is listed under Property Code 5193.