Emerald, Queensland
FANTASTIC LEASEHOLD BUSINESS OPPORTUNITY EXCEPTIONALLY PRESENTED MODERN COMPLEX - 2775ML
SOLD
Business Description
Exceptional new 40 year lease for long term security.
Submit all offers, we are genuine in wanting to create a win-win for all involved.
Booming area with increasing demand.
Opportunity to own the leasehold business and run a rapidly growing motel and apartment complex in the heart of this high growth region in Central Queensland.
- 24 x 2 bedroom Apartments.
- 8 x 1 studio rooms.
- 16 x motels units (10 with spa).
- This recently renovated motel complex which contains a grand three-bedroom penthouse style living quarters (Either lease out or occupy) residence complete with resort style pool.
- Full commercial laundry.
- Massive 100kw solar system.
- Substantial 2 bedroom manager's residence.
- Underutilised 40 seat restaurant / Conference / Meeting area.
- Wide concrete path driveways.
- Low maintenance high exposure facility.
Over the past few years occupancy rates have greatly increased with net profit growing this year to over $863,000 per annum for the financial year and $474,690 per annum for the financial year and $600,000 expected for the calendar year due to the strong flow through of not only from professionals visiting the area but also holiday makers passing through the region.
Standard room rates have been kept at affordable levels with room for further growth. With a 4.4 star rating and a town that has seen huge growth both residentially and commercially gives this investment opportunity the tick from all areas. Own and operate or employ managers to run this growing motel in the heartland of Queensland's booming industrial sector.
Net Profit: $600,000 plus expected for 2023 calendar year
Contact Laurence Crowley from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2775ML (quote when enquiring)
Property Code: 4649
Business Summary
Key Investment Insights
Key insights for this business for sale listing include:
1. Exceptional new 40-year lease for long-term security.
2. Booming area with increasing demand.
3. Opportunity to own the leasehold business and run a rapidly growing motel and apartment complex in the heart of a high-growth region in Central Queensland.
4. 24 x 2 bedroom apartments, 8 x 1 studio rooms, and 16 x motel units (10 with spa).
5. Recently renovated motel complex with a grand three-bedroom penthouse style living quarters and resort-style pool.
6. Full commercial laundry and massive 100kw solar system.
7. Substantial 2 bedroom manager's residence.
8. Underutilised 40-seat restaurant/conference/meeting area.
9. Wide concrete path driveways and low maintenance, high exposure facility.
10. Occupancy rates have greatly increased over the past few years, with net profit growing to over $863,000 per annum for the financial year and $474,690 per annum for the financial year.
11. Expected net profit of $600,000 for the 2023 calendar year.
12. Standard room rates have been kept at affordable levels with room for further growth.
13. 4.4-star rating and a town that has seen huge growth both residentially and commercially.
14. Own and operate or employ managers to run this growing motel in the heartland of Queensland's booming industrial sector.
15. Property ID: 2775ML (quote when enquiring).
