Chinchilla, Queensland
2187MF - AFFORDABLE FREEHOLD MOTEL IN GROWTH AREA WITH BIG EMPLOYMENT UPSWING
SOLD
Business Description
- Quality 10 room Freehold Motel with an additional free-standing approved cabin.
- Well-appointed rooms.
- New Liquor license.
- Occupancy for 2019-20 up on previous year and continuing to grow.
- Large motel site 3,200 sqm plus adjacent light industrial block of 3,200 sqm (for sale as one property).
- Opportunity to develop or sell the vacant light industrial land.
- Major projects underway in the area.
- Easily managed by an owner operator, single or couple.
- Comfortable 3-bedroom residence.
- $10 Billion Arrow Gas Project approved and commenced.
- Up to 1,000 new jobs to be created.
This operational motel located on 3,200 m2 together with an additional 3,200 m2 of adjacent light industrial land is offered for sale as one property. Comprises of 11 units with 10 in the main building and a self-contained cabin at the rear.
The motel has a three-bedroom owner’s residence together with full commercial kitchen and country style dining area to the side. There is a covered barbeque pergola located on the extensive lawn area for guests to relax in.
The property is 6,400 m2 in total and is suitable to be subdivided to create a separate light industrial lot of 3,200 m2 with high visibility highway frontage; it is fully fenced and level making development easy and economical.
Seldom do you find an operational business coupled with the ability to create a second income from attached vacant land with zoning as light industrial. You can develop and lease out or sell off the parcel to a local business or developer.
https://www.dnrme.qld.gov.au/home/news-publications/news/2020/april/$10-billion-flows-for-arrow-gas-project
https://www.arrowenergy.com.au/media/media-releases/current-releases/arrow-sanctions-start-to-sgp
Net Profit: $110,167 for 2019/20
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2187MF (quote when enquiring)
Location: The population of Chinchilla is 6,600 and in recent times it has progressed from being a rural community reliant upon crops to a dynamic growth region with developments in gas and coal exploration and Power Station and Solar initiatives.
Chinchilla is located approximately 300 kms north west of Brisbane along the Warrego Highway, the second township after Dalby within the Western Downs region. The Warrego Highway is a major through route for traffic heading East and West, in fact it is the main road for traffic travelling between Brisbane and the Northern Territory.
Property Code: 3474
Business Summary
Key Investment Insights
1. Well-appointed rooms with a new liquor license, providing a comfortable and enjoyable experience for guests.
2. Occupancy for 2019-20 is up from the previous year and continues to grow, indicating a strong demand for accommodation in the area.
3. Large motel site of 3,200 sqm with an additional adjacent light industrial block of the same size, providing potential for development or sale as one property.
4. Major projects underway in the area, including the $10 billion Arrow Gas Project which has already commenced and is expected to create up to 1,000 new jobs.
5. Easily managed by an owner operator, making it suitable for a single or couple to run.
6. Comfortable 3-bedroom residence on site for the owner's convenience.
7. Potential to create a second income from the attached vacant light industrial land, with the option to develop and lease out or sell off the parcel.
8. Located in a growth area with a population of 6,600 and developments in gas and coal exploration, Power Station, and Solar initiatives.
9. Convenient location along the Warrego Highway, a major through route for traffic travelling between Brisbane and the Northern Territory.
10. Net profit of $110,167 for 2019/20, indicating a profitable and successful business.
