Hervey Bay, Queensland
Waterfront, New 35 Year Lease, High ROI in Hervey Bay - 1P6198
Leasehold $1,650,000
Business Description
CRE Brokers are pleased to be appointed as the Exclusive Agency for the sale of one of the best motels in the Hervey Bay / Frazer Coast area, as a Leasehold business.
Ideally positioned on the Esplanade, opposite Pialba Bay Beach and a short' walk to shops, the RSL Club and other dining facilities.
This motel is extremely well presented and well-appointed with high quality furniture, fixtures and fittings, with many rooms being fully renovated within the past 18 months.
Showing a Net Profit after Rent of over $400,000 during the 2023/24 financial year and an even greater year expected for 2024/25.
With Hervey Bay experiencing massive growth, do not delay in contacting Craig or Ronnie to arrange an inspection of this fantastic business opportunity.
Business Summary
Other Features / Notes
A:LEASEHOLD, B:MOTEL, C:QLD - Fraser Coast
Key Investment Insights
1. Prime waterfront location on the Esplanade in Hervey Bay.
2. New 35-year lease in place for the business.
3. High return on investment with a net profit of over $400,000 expected in the 2023/24 financial year.
4. Well-presented and well-appointed motel with high-quality furnishings and fixtures.
5. Many rooms have been fully renovated within the past 18 months.
6. Close proximity to shops, RSL Club, and dining facilities.
7. Massive growth potential in Hervey Bay.
8. Exclusive agency appointed for the sale of the business.
9. Experienced and knowledgeable brokers available for inspection and assistance.
10. Leasehold business with potential for long-term success.
11. Located in a popular tourist destination with high demand for accommodation.
12. Opportunity to be a part of the thriving hospitality industry in the Fraser Coast region.
13. Strong financial performance expected for the 2024/25 financial year.
14. Ideal for an owner-operator or investor looking for a profitable business venture.
15. Other features include a motel license and being situated in a popular area for tourists.