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
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