Two Motels in Cloncurry – Freehold Only Passive Investment - 1P4682M

Key Investment Insights

1. Exclusive Agents: The business for sale is being managed by CRE Brokers, who have been appointed as the Exclusive Agents for this investment opportunity.

2. Two Freehold Motels: The sale includes two freehold motels with a total of 42 rooms. This provides a diverse range of accommodation options for guests and potential for growth.

3. High Occupancy: The motels have a very high occupancy rate, indicating a strong demand for accommodation in the area. This provides a stable income for the new owner.

4. New 30 Year Lease: The sale includes a new 30 year lease, providing long-term security for the new owner.

5. Managed from One Location: The business is managed from one location, making it easier for the new owner to oversee operations and maintain consistency between the two motels.

6. Government Contractors and Corporate Guests: The majority of the clientele are government contractors and corporate guests, providing a stable and reliable source of income. This also indicates a strong demand for accommodation in the area due to surrounding industries and government projects.

7. Passive Investment: This opportunity is ideal for a passive investor, as the business is already managed and has a stable income stream. The new owner can simply collect rent and oversee operations from a distance.

8. CPI Annual Rent Review: The rent for the motels is subject to an annual CPI review, providing potential for rental growth and increasing returns for the new owner.

9. Long-Term Prospects: With a strong demand for accommodation in the area and a stable clientele, this investment opportunity has great long-term prospects for the new owner.

10. Location: The motels are located in Cloncurry, a popular destination for tourists and a hub for surrounding industries. This provides a prime location for the motels and potential for growth in the future.