Mackay, Queensland

2665ML - 38 ROOM MOTEL, CHEAP RENT, AND A 47% RETURN ON LEASEHOLD INVESTMENT. CAN’T GO WRONG, WON’T LAST LONG . FIRST IN WILL BUY

Under Contract / Offer

Property Description

We are pleased to offer is Leasehold motel in Mackay, North Queensland.

The Motel has 38 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 corporate business.

Guests can enjoy the swimming pool, barbeque area, off street parking, guest laundry, pay television and free Wi-Fi.

In addition, there is a 75 -seat restaurant with a kitchen with commercial appliances and (day use) conference room providing everything a guest could require.

Booking.com 8.8 rating makes this a very special Motel, and with strong bookings, good operator and profitability it is priced to sell.

The Motel is conveniently located:

- Walking distance of both small and major shopping centres.

- 3 -minute drive from Mackay city centre

With a Rental of $180,000* (Land Tax is paid by Landlord - Net Rent $170,000), and a 37 year Lease left to run, this Motel which is under management and only doing 40% occupancy has great upside for the owner operator.

With a Net Adjusted Profit of $179,261 and 40% Occupancy, do the sums and work out all the upside.

The large two -bedroom, one bathroom residence provides a very comfortable and spacious living space with split system air conditioning.

Net Leasehold Profit: $179,261 for 2020-21

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

Property ID: 2665ML (quote when enquiring)

Property Code: 3898

Property Summary

Motel Information

Marketing Agent
Antonio Curulli
Antonio Curulli

Listing location
Gallery

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