Bundaberg Central, Queensland
1908ML - Great Starter Motel in Strong Regional Town
SOLD
Business Description
- 14 rooms
- Centre of town location
- Walk to everything
- Low maintenance motel
- Easily run with a single person or couple
- Good landlord
- 17 years left on the lease
- Excellent repeat business
- Currently running with 58% occupancy
- Eleven rooms have been refurbished
- 2 bedroom residence
- Come take a look there is plenty of upside to this affordable motel
This great starter motel sits right in the middle of Bundaberg town centre. With 14 rooms of mixed configuration, this solid and consistent performer will provide a great business opportunity for a starter single/couple or even for an experienced motelier looking to downsize.
Eleven of the rooms have been refurbished including the bathrooms and all are well equipped and have flat screen televisions and split system air conditioners. The pool has been refurbished leaving little to do for any new owner. The landlord is assisting with the refurbishments making for a win-win situation.
Solid returns, with plenty of upside, minimum maintenance requirements and a good landlord, this has all the requirements of a sustainable and successful motel.
The residence is a comfortable size with two bedrooms, bathroom, good sized kitchen with a commercial stove and stainless steel splashbacks, split system air conditioner and ceiling fans. The laundry and a brand new commercial washing machine is shared with the motel.
Bundaberg is a great motel town with good tariffs, its own airport, hospitals, medical centres, good schools and all the major services that you could want. With year on year consistent occupancy allowing owners to get ahead whilst enjoying a comfortable lifestyle.
Net Profit $93,597 for 2018/19
Contact Mark Tuck from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1908ML (quote when enquiring)
Property Code: 2880
Business Summary
Key Investment Insights
1. Prime location in the centre of town, providing easy access to all amenities and attractions.
2. Low maintenance motel, making it an ideal opportunity for a single person or couple to run.
3. Good landlord and 17 years left on the lease, providing stability and security for the business.
4. Excellent repeat business, indicating a strong reputation and customer satisfaction.
5. Currently running with 58% occupancy, leaving plenty of room for growth and potential to increase profits.
6. Eleven rooms have been refurbished, showcasing a commitment to maintaining and improving the property.
7. 2 bedroom residence included, providing comfortable living quarters for the owners.
8. Plenty of upside potential for a motivated buyer, with minimal maintenance requirements and a good landlord.
9. Bundaberg is a popular motel town with good tariffs and all major services, providing a stable and sustainable market.
10. Solid returns and consistent occupancy, allowing owners to enjoy a comfortable lifestyle while still getting ahead financially.
