Georgetown, Queensland

VERY PROFITABLE REGIONAL FREEHOLD MOTEL SHOWING +17% RETURN WITH ROOM FOR GROWTH | Resort Brokers ID : FH007031

$3,850,000 SAV

Property Description

The Latara Resort Motel located five hours west of Cairns is the midway point between the Tropical Coast and the Gulf of Carpentaria. Situated on 7.5 acres and currently boasting 31 rooms and licensed bar and restaurant, the property enjoys very strong corporate and government work along with tourism. With plenty of land still available, the astute purchaser can take advantage of current zoning and tap into the lucrative and ever increasing caravan park growth market to fully capitalise on the property's already stellar reputation. Don't miss out on this stunning opportunity.



  • Extremely profitable Freehold motel showing +17% return

  • Zoning and excess land allow for the addition of caravan park facilities

  • Very strong repeat corporate/government clientele

  • FY21/22 figures on track to match/eclipse FY20/21 figures (FY 19/20 showed great growth until Covid)

  • Massive five bed, two bath manager's residence

  • Experienced cleaning/restaurant staff to assist in transition

  • Bore in place with two large tanks to facilitate full irrigation of the property

  • Man made dam on the property enabling local wildlife/birdlife to inhabit the area

  • Property fully fenced

  • Property inspections are by appointment only

Date updated: 23 Jan 2022 22:00:10

Property Summary

Business Snapshot

Price: $3,850,000 SAV Net Profit: $655,348

Motel Information

Marketing Agent
Shane Croghan
Shane Croghan

Listing location
Gallery

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