Ingham, Queensland

2662ML - READY TO GO, EVERYTHING IS DONE, NEAT AS A PIN

LEASEHOLD $450,000

Property Description

The Motel has 19 well-appointed and recently refurbished rooms of mixed configurations, providing a welcoming, comfortable and affordable accommodation to guests.

The motel is presented in excellent order and is highly regarded with a very high percentage of repeat business.

Guests can enjoy the barbeque area, off street parking and free Wi-Fi.

The Motel is conveniently located:

- 75 minutes from the airport, Townsville CBD and Townsville Hospital and 2.5 hours from Cairns

- Walking distance of both small and major shopping centres.

The large air conditioned, two bedroom, one bathroom residence provides a very comfortable and spacious living space.

An easy to operate, fully refurbished motel that is very profitable with everything in place for the next owner to maximise the opportunity.

Either owner operate, there is enough profit to run under passive management after paying $90,000 for Management (22% ROI under Management).

This is being offered at a 42.3 % Return on Investment.

Net Profit: $190,371 estimated for 2020/21

Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2662ML (quote when enquiring)

Property Code: 3936

Property Summary

Motel Information

Marketing Agent
Antonio Curulli
Antonio Curulli

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