Charters Towers, Queensland
NORTH QLD HOTEL/MOTEL FREEHOLD OPPORTUNITY - 145HF
FREEHOLD $5,200,000 + sav
Business Description
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: $600,000 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 first time in 30 years, indicating long-term ownership stability and market rarity.
2. Located in northern Queensland on the fringe of a busy town of approximately 150,000, offering strong local catchment and visibility with tremendous street frontage.
3. Adjusted Net Profit of $600,000, with stated capacity to improve profitability.
4. Accommodation comprises 18 motel rooms and 4 self contained cabins, 22 units in total, supporting diversified revenue streams.
5. Family tavern format with public bar and family bistro, suited to broad demographic appeal.
6. Large undercover outdoor deck with seating for 200, supporting high-volume dining and events.
7. Gaming lounge recently refurbished, 25 gaming machines with high turnover, and two TAB terminals, representing significant gaming and wagering income.
8. Drive through bottle shop that can be serviced by bar staff, presenting a cost effective retail liquor channel.
9. Good onsite and off street parking and a low set profile, enhancing accessibility and appeal for guests and locals.
10. All equipment unencumbered, simplifying transaction and reducing immediate capital constraints.
11. Described as a rare opportunity and arguably the best available, implying limited comparable listings and potential competitive advantage.
