Gladstone Central, Queensland

UNIQUE FREEHOLD PROPERTY WITH AN ESTABLISHED SOURCE OF INCOME AND LIFESTLYE - 2544MF

SOLD

Business Description

- Totally refurbished in 2016 and very well maintained.

- High quality room and residence fit out with significant return trade.

- Genuine Opportunity to build a business for the long term with this 4 star property.

- Current owners just cruising along.

- 12 fully self-contained studios with an established source of income.

- Undercover parking.

- Situated in the Central Business District of Gladstone.

- Easily managed and operated by a couple.

- Opportunity to grow the business.

- Reception with limited hours.

- 12-person therapeutic spa, large outdoor barbeque area.

Central Studio Apartments is situated in the heart of the Gladstone CBD. With twelve superbly built and fitted out studios is has the potential to become a solid earner with the added attraction of capital growth as turnover grows.


There is nothing to spend, the premises were renovated to a very high standard during 2016. The rooms are just superb as well as the comfortable three bedroom residence.


The current owners have run the motel to suit themselves, closing at Easter and Christmas as well as most weekends. So herein lies the opportunity to put in the effort, open the doors and build up the business that will in return generate higher profits and as a result increase the capital value of the property.


It is really worth taking a look. Gladstone accommodation market is improving, and a number of projects are in the pipeline.

Net Profit: $121,780 (excluding GST) for 2021/22

Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.


Property ID: 2544MF (quote when enquiring)

Location: The Gladstone Region is the gateway to the Southern Great Barrier Reef. Like nowhere else, it is a striking juxtaposition of industry and pristine environment of the world heritage listed Great Barrier Reef, rural hinterland and striking sandstone wilderness. The Gladstone Region offers a great place to live, work, play and invest. Whilst major industrial facilities dominate Gladstone and Boyne Island, the region also features coastal towns and rural farming areas.

Property Code: 4360

Business Summary

Marketing Agent
Michael Philpott
Michael Philpott

Key Investment Insights

1. The business for sale is a unique freehold property with an established source of income and lifestyle.
2. The property was completely refurbished in 2016 and has been well-maintained since then.
3. The rooms and residence are of high quality, attracting significant return trade.
4. There is a genuine opportunity to build a long-term business with this 4-star property.
5. The current owners are not actively growing the business, presenting an opportunity for a new owner to increase profits.
6. The property has 12 fully self-contained studios and offers undercover parking.
7. It is situated in the Central Business District of Gladstone, a prime location for attracting guests.
8. The business can be easily managed and operated by a couple.
9. There is potential for growth and expansion of the business.
10. The property has a reception area with limited hours.
11. Additional amenities such as a 12-person therapeutic spa and large outdoor barbeque area add value to the property.
12. The property has been renovated to a high standard and there is no need for further investment.
13. The current owners have only operated the business to suit their lifestyle, leaving room for a new owner to increase profits.
14. The Gladstone accommodation market is improving, with several projects in the pipeline.
15. The net profit for 2021/22 is estimated to be $121,780 (excluding GST).
16. The property is located in the Gladstone Region, which offers a unique mix of industry, pristine environment, and rural areas.
17. The region is a popular tourist destination, making it an attractive location for a hospitality business.
18. The property is being sold with a Property ID of 2544MF.
19. The business presents a great opportunity for a new owner to enter the market or expand their existing portfolio.
20. The property is listed with Tourism Brokers and interested parties can contact Michael Philpott for further information or to arrange an
Listing location

This Business is sold

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