Miles, Queensland
FREEHOLD MOTEL OFFERED UNDER REPLACEMENT VALUE - 2371MF
REDUCED FREEHOLD $3.3M
Business Description
- Exceptional quality motel only 8 years old in an area where business is starting to BOOM again and a real opportunity to capitalise on the market.
- Motel was built with professionals / workers in mind and has the quality to match.
- 24 executive quality motel rooms, modern, low maintenance with a good layout.
- Underutilised commercial kitchen and bar.
- Dining area / conference room - seats approximately 30 people.
- Rare, quality 3 bedroom residence attached to reception.
- Guest laundry, two storage rooms and ample storage with a good layout.
- Plenty of parking onsite, low maintenance concrete areas and on the road areas for larger vehicles if so required.
This is a genuine, rare and outstanding offering, we could rave on for ages about the build quality, but you need to see the property in person to appreciate it.
So, let's just cut to the chase! The motel is under management and performing poorly compared to the rest of the market. The owners genuinely want the property sold to focus on other areas and business opportunities. Replacement value is well in excess of a ballpark of $4.6M.
Modern low maintenance construction with a significant depreciation allowance available. Commenced operating in 2014.
We are offering you a million reasons plus to buy this motel - so call now and secure it before someone else does.
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2371MF (quote when enquiring)
Location: Miles is situated on the crossroads of the Warrego and Leichhardt Highways and is an ideal stopping place for travelers heading west to the Stockman's Hall of Fame or north to the Great Barrier Reef. The economy of Miles is based mainly on agriculture and cropping, producing wheat, sorghum, barley and cotton. Timber production is another area of economic activity and in common with much of Western Queensland, cattle and sheep grazing, including feedlots is widespread. In addition, a mining industry utilising rich deposits of bentonite clay is under development and a new coal mine recently started operations. Also rail upgrades are proposed and a Qld Gas Power station.
Property Code: 4247
Business Summary
Key Investment Insights
1. The motel is only 8 years old and was built with professionals and workers in mind, making it a high-quality and modern property.
2. It has 24 executive quality rooms, a commercial kitchen and bar, and a dining/conference room that can seat up to 30 people.
3. The property also includes a rare and spacious 3-bedroom residence attached to the reception area.
4. There is ample storage space, a guest laundry, and plenty of parking for guests, including space for larger vehicles.
5. The motel is currently under management and is performing poorly compared to the rest of the market, presenting an opportunity for a new owner to improve its performance.
6. The replacement value of the property is estimated to be well over $4.6 million, making it an exceptional investment opportunity.
7. The property is located in Miles, a growing town with a diverse economy based on agriculture, timber production, and mining.
8. The property is modern and low maintenance, with significant depreciation allowances available.
9. The owners are motivated to sell and focus on other business opportunities.
10. The property is listed with Tourism Brokers and interested buyers can contact Tony Johnson for more information or to arrange an inspection.
