Hervey Bay, Queensland
Multi-Award winning Coastal Motel For Sale 30% ROI - Fraser Coast
SOLD
Business Description
Multi-Award winning Coastal Motel For Sale 30% ROI - Fraser Coast
14 Room Freehold Motel / Eco-Resort on 2 acres of land with huge development potential to have ocean views.
NEW 30 Year Lease, first time offered as a Leasehold opportunity. Showing a 30% Return on Investment, after rent and all operating expenses.
This beautiful property has 14 oversized studio suites with kitchenettes. Facilities include Resort Style Pool, Guest Laundry, BBQ.
Set in tropical rainforest gardens, adjoining the Medical precinct, attracting quality corporate trade.
Current owners have owned for nearly 10 years and presently have the business run under management.
Schools and TAFE College nearby.
$170,000 Net Profit for 2016/17 financial year (after rent)
Business Summary
Other Features / Notes
A:LEASEHOLD, B:MOTEL, C:QLD - Fraser CoastKey Investment Insights
1. The business is a multi-award winning coastal motel located on the Fraser Coast.
2. The property sits on 2 acres of land and has potential for development to have ocean views.
3. The business is being offered as a leasehold opportunity with a new 30-year lease.
4. The property has 14 spacious studio suites with kitchenettes and resort-style facilities.
5. The business has a strong return on investment, with a 30% ROI after rent and operating expenses.
6. The property is set in tropical rainforest gardens and is adjacent to the medical precinct, attracting quality corporate trade.
7. The current owners have owned the business for nearly 10 years and it is currently run under management.
8. The location is close to schools and a TAFE college, providing potential for additional business from student and family accommodation.
9. The business has a net profit of $170,000 for the 2016/17 financial year after rent.
10. Other features of the business include its leasehold status and its location in the Fraser Coast region of Queensland.
