Lakeland, Queensland

ICONIC FNQ ROADHOUSE FOR SALE WITH HEALTHY NET PROFIT OF $225K SHOWING +25% ROI | Resort Brokers ID : FH007047

$895,000 + SAV

Property Description

This is your great opportunity to purchase the freehold going concern of the historic and iconic Palmer River Roadhouse. The business has returned to pre-Covid trading levels and is well placed to take advantage of the expected surge in growth of the regional domestic tourism market. Featuring a strong diversified income mix from accommodation, fuel and food & beverage, the business has established a consistent trading pattern for many years. The owners have invested significantly in a capital sense to the property over the past 5 years, providing the new owner with the opportunity to move in and not having to spend any funds on improvements. This is a terrific opportunity to enter the freehold market in the growing far north Queensland market.



  • Healthy net profit of $225k showing a +25% return

  • New amenities block built-in 2016/2017

  • New ULP (5,800 lt) & Diesel (12,000 lt) fuel tanks installed 2018

  • New 58kva generator added 2020

  • Strong diversified income consisting of accommodation, fuel and food & beverage

  • Great highway location adjacent to the historic Palmer River

  • 30 seat restaurant + massive, attractive outdoor dining area & beer garden

  • Contains artifacts and museum focusing on the "gold rush" era

  • Property inspections are by appointment only

Date updated: 23 Jan 2022 22:00:10

Property Summary

Business Snapshot

Price: $895,000 + SAV Net Profit: $225,723

Motel Information

Marketing Agent
Shane Croghan
Shane Croghan

Listing location
Gallery

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