Charters Towers, Queensland
NORTH QLD HOTEL/MOTEL FREEHOLD OPPORTUNITY - 145HF
FREEHOLD $5,400,000 + sav
Business Description
FREEHOLD HOTEL MOTEL
First time offered in a Freehold Going Concern for 30 years. A very popular family tavern offering all the conveniences in northern Qld town of approximately 150,000.
- 18 motel rooms and 4 self-contained cabins (22 in total).
- Good onsite and off-street parking.
- Low-set profile.
- Public bar.
- Gaming lounge, recently refurbished.
- Family bistro and undercover outdoor deck (seating for 200).
- 25 gaming machines with high turnover.
- TAB - two terminals.
- Drive-through bottle shop can be serviced by bar staff - cost effective.
- Located on the fringe of a busy town with tremendous street frontage.
- All equipment unencumbered.
- Rare opportunity - arguably the best available.
Adjusted Net Profit: $675,980 for 2024/25 with the ability to improve
Contact Laurence from Tourism Brokers for further information or to arrange an inspection.
Property ID: 145HF (quote when enquiring)
Property Code: 5414
Business Summary
Key Investment Insights
1. Freehold going concern offered for the first time in 30 years, presenting stable property ownership and business continuity.
2. Adjusted Net Profit of $675,980 for 2024/25, with stated ability to improve, indicating strong current earnings and upside potential.
3. Accommodation package of 22 units, comprising 18 motel rooms and 4 self-contained cabins, supporting mixed revenue streams.
4. High-turnover gaming operation with 25 gaming machines and a recently refurbished gaming lounge, signalling significant non-beverage income.
5. TAB facilities with two terminals, adding wagering revenue and customer retention opportunities.
6. Family bistro plus an undercover outdoor deck with seating for 200, supporting large dining capacity and event trade.
7. Drive-through bottle shop that can be serviced by bar staff, offering cost-effective retail liquor sales and convenience for customers.
8. Public bar presence alongside food and gaming amenities, enabling diversified on-site spend per patron.
9. Located on the fringe of a busy northern Queensland town of approximately 150,000, with tremendous street frontage, enhancing visibility and drive-by trade.
10. Good onsite and off-street parking and a low-set profile, improving accessibility for guests and local patrons.
11. All equipment unencumbered, reducing transactional complexity and offering clear asset transfer.
12. Market positioning described as a rare opportunity and arguably the best available, implying strong competitive or scarcity value.
