PRICED REDUCED - 2 Motels in Cloncurry - 1P4682M
2 Motels $2,900,000
CRE brokers are pleased to be appointed exclusive agents to market the Wagon Wheel Motel and Cloncurry Motels, located around the corner from each other and managed from the one location. The vast majority of customers serviced by this Motel are Mining Contractors and Road Workers. This Motel is trading strongly right now.
Cloncurry is at the Intersection between Mt Isa, the Queensland East Coast and North of the Winton Shire. These Motels cater for a wide variety of clientele; mining workers, tourists, railway workers and road construction workers.
Turnover for the year 2018/19 for the two Motels combined was over $1.6m and the business enjoys a good flow of regular, corporate repeat business. The main Motel is located on the main road through town and includes a busy restaurant/take away pizza operation.
Altona Mining has recently finalised a $3M deal for copper-gold mining, just 60km north of Cloncurry.