Fortitude Valley, Queensland
2474ML - Cheap Money Making Lease in Brisbane
SOLD
Business Description
Why work for a boss when you can buy this!
- High % ROI on this Inner-City motel close to all the action.
- 37 rooms near RNA Showgrounds, walk to The Valley, CBD and Hospitals.
- Currently 3 star budget motel.
- Small manager’s unit attached to front office.
- Staff may be available if needed as currently run under management.
- Very little groundwork, plenty of drive by traffic.
- Short term lease but a great way to make money.
This inner-city motel is a real money maker. Yes, it is only a seven year lease but do the sums and work out what you could make in that time. Comprising 37 rooms of varying configurations this property has been long term under management.
Run it as is - a motel, or it could be a backpackers or student accommodation - any way you choose, it has the location to succeed.
Yes, it will never be the Taj Mahal - but who cares at this price. Nothing else comes close as a return on your money.
Call now as those who hesitate lose!
Net Profit $275,393 for 2018/19
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2474ML (quote when enquiring)
Location: Fortitude Valley is a suburb of central Brisbane. The suburb lies immediately northeast of the Brisbane central business district, and is one of the hubs of Brisbane's nightlife, renowned for its nightclubs and bars.
Brisbane is a diverse city - a green city with a perfect climate. It is a growing city with one of the fastest growing economies in Australia. It is a city of many small quirks from having its very own style of building (the 'Queenslander') to creating a swimming beach right in the middle of the CBD.
Brisbane's key sectors include information and communication technology, creative industries, life sciences, food and beverage, tourism infrastructure, manufacturing, logistics and distribution and aviation. Brisbane is one of the major business hubs in Australia. Most major Australian companies, as well as numerous international companies, have contact offices in Brisbane.
Property Code: 3113
Business Summary
Key Investment Insights
1. High return on investment (ROI) for this inner-city motel.
2. Prime location near popular attractions and amenities such as the RNA Showgrounds, The Valley, CBD, and hospitals.
3. Currently operating as a 3-star budget motel.
4. Small manager's unit attached to the front office.
5. Option to keep current management or run the business yourself.
6. Minimal groundwork required with high drive-by traffic.
7. Short term lease but potential for high profits.
8. Potential to rebrand as a backpackers or student accommodation.
9. Located in Fortitude Valley, a popular suburb known for its nightlife.
10. Brisbane is a diverse and growing city with a strong economy and many business opportunities.
