Gladstone Central, Queensland
GREAT STARTER MOTEL INVESTMENT OPPORTUNITY - 2347MI
SOLD
Business Description
Key features:
- 11 well-appointed motel rooms
- Central city area, close to shops and restaurants
- 3-bedroom residence with lounge and kitchen
- Ample off-street parking for motel guests
- Rapid growth area with strong investment and industry
- All buildings and property well maintained and presented
- Opportunity for continuous business growth.
The opportunity has just become available to secure a very well presented 11-unit motel close to the Gladstone CBD with strong trading history.
This motel is well located in one of the main arterial roads with high visibility to all traffic in and around the Gladstone city area. Single entrance provides security for guests, there is undercover parking for all guests, inground pool and outdoor seating in front of units.
The lease has 28 years to run from 31st August 2023 with rent of $73,056 plus GST and rental CPI annual increases.
Be quick to register your interest with this one as with a solid 7.5% net return it offers an excellent investment.
Annual Rent: $73,056 plus GST
Contact Richard O’Connell from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2347MI (quote when enquiring)
Property Code: 4797
Business Summary
Key Investment Insights
1. Prime location: The motel is situated in a central city area, close to shops and restaurants, making it easily accessible for guests and providing convenience for their stay.
2. Well-appointed rooms: The 11 motel rooms are well-maintained and presented, providing a comfortable and enjoyable stay for guests.
3. Additional residence: The 3-bedroom residence with a lounge and kitchen provides an opportunity for the owner to live on-site and manage the motel, reducing overhead costs.
4. Ample parking: The motel offers ample off-street parking for guests, providing convenience and security for their vehicles.
5. Rapid growth area: The Gladstone CBD is a rapidly growing area with strong investment and industry, providing potential for continuous business growth.
6. Well-maintained property: The buildings and property are well-maintained and presented, ensuring a positive experience for guests and maintaining the value of the investment.
7. Long lease: The lease has 28 years remaining, providing stability and security for the new owner.
8. Strong rental return: With a solid 7.5% net return, this motel offers an excellent investment opportunity for potential buyers.
9. High visibility: The motel is situated on a main arterial road with high visibility to all traffic, increasing its exposure and potential for attracting guests.
10. On-site amenities: The motel offers an inground pool and outdoor seating for guests to enjoy during their stay, enhancing their experience and satisfaction.
11. Experienced broker: The sale is being managed by an experienced broker, providing potential buyers with professional guidance and assistance throughout the process.
