Kingaroy, Queensland

2005ML - MONEY MAKING LEASEHOLD MOTEL IN SOUTHERN QUEENSLAND

REDUCED LEASEHOLD $790,000 + sav

Property Description

- 24 ground floor unit motel

- Strong regional motel town

- Exceptional money-making motel business

- Successful onsite restaurant

- Long lease

- Low rent ratio

- Strong advance bookings

Available is the leasehold interest of this very well-established motel in the strong regional motel town of Kingaroy in southern Queensland.

Consisting of 24 well-appointed and comfortable ground floor units all with undercover parking, and has a large parking area on premises, available at the back for buses, small trucks, boats, trailers, floats and tradesmen vehicles. The car park also has dual road access.

Conveniently located on the edge of town the motel provides accommodation for individuals, families, and groups with its very successful onsite licensed restaurant providing meals to guests as well as the general public.

Other facilities include Inground pool and barbeque area and free Wi-Fi.

With its 23 year lease andlow rent ratio, very strong trading figures and strong future bookings this motel offers a genuine money making opportunity to a couple or could be run under management.

A great leasehold motel and exceptional business. Well worth an inspection.

Turnover: $1,210,005 (GST excl) 1 July 2020 to 31 MaY 2021 - 11 months (vendor provided)

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

Property ID: 2005ML (quote when enquiring)

Property Code: 3738

Property Summary

Motel Information

Marketing Agent
Michael Philpott
Michael Philpott

Listing location
Gallery

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