Gin Gin, Queensland
First Time Offered in 25 Years - 2509MI
INVESTMENT $2,650,000 neg
Business Description
Modern Investment Motel
- Offering many variations – only 2.75 years remaining on the current lease.
- Keep as a long investment and renegotiate a new lease at expiry.
- Sell a new lease at expiry.
- Retain as a Going Concern: immaculate, modern brick motel with 16 rooms, 3-bedroom residence, 40-seat restaurant, swimming pool and good parking located on a highway with good exposure.
- Consistent trading history.
First to inspect will purchase.
Annual Rent: $206,931 (inclusive of GST)
Contact: Laurence Crowley from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2509MI (quote when enquiring)
Property Code: 5146
Business Summary
Key Investment Insights
1. The motel has been in operation for 25 years and this is the first time it is being offered for sale.
2. The motel offers various options for the buyer, such as keeping it as a long-term investment or selling a new lease at expiry.
3. The current lease has only 2.75 years remaining, providing an opportunity for the buyer to negotiate a new lease at expiry.
4. The property includes 16 modern and well-maintained rooms, a 3-bedroom residence, a 40-seat restaurant, a swimming pool, and ample parking space.
5. Located on a highway with good exposure, the motel has a consistent trading history.
6. The property is in immaculate condition and has been well-maintained over the years.
7. The annual rent for the property is $206,931, which is inclusive of GST.
8. Interested buyers are encouraged to inspect the property as it is expected to sell quickly.
9. The property has a designated Property ID (2509MI) and interested buyers should quote this when enquiring.
10. The sale of the property is being handled by Laurence Crowley from Tourism Brokers, who can provide further information and arrange inspections.
11. The property code for this listing is 5146.
