Maryborough, Queensland

2001ML - LARGE LEASEHOLD MOTEL WITH PLENTY OF UPSIDE

LEASEHOLD $649,000

Property Description

- Centrally located and minutes from the city centre.

- Perfect base for the Fraser Coast area.

- 33 ground floor units allowing for any accommodation scenario. Motel can sleep 111 people.

- Low rent ratio (rent fixed until August 2023).

- Long lease (27 years remaining).

- Good sized 3-bedroom residence.

- Occupancy and turnover increasing.

- Easily run by a couple.

- Unused 50 seat restaurant and commercial kitchen.

- Genuine potential to improve the bottom line.

Genuine opportunity to secure the leasehold interest of a 33-room motel Fraser Coast region of Queensland.

This established Motel is ideally located on the main road coming into town, only minutes from the city centre and is the perfect base to explore the Fraser Coast, popular beaches and historical sites.

The motel features and 33 ground floor rooms with a variety of configurations. Guests enjoy a pool, two barbeque areas, free Wi-Fi. Room service continental breakfast is also available. There is a 50-seat unused restaurant and commercial kitchen (not been used for some years).

This is an ideal motel for stopovers, family getaways and commercial travellers.

The residence (2-storey) adjoins reception and offers a spacious three bedroom home with a large, airy kitchen, lounge room and private, fenced outdoor garden area.

Net Profit: $237,950 for 2020-21

Contact Richard O'Connell from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2001ML (quote when enquiring)

Location: Located 264 km north of Brisbane on the Mary River, Maryborough is a city with an economy based on servicing the surrounding sugar, grazing and timber industries and catering for the hundreds of thousands of tourists who pass through the area each year. Maryborough is a complete visitor experience like no other. Glorious Colonial Architecture, outstanding museums, riverside dining, a first class theatre and magnificent parklands - Maryborough is a must-see attraction on the Fraser Coast, Queensland.

Uncover unique gifts, stylish collectables, leading fashion and lingerie and cutting edge jewellery in one of the many boutique stores on offer along Kent Street. Or enjoy the convenience of a wide range of specialty stores and food courts at Station Square and Maryborough Plaza shopping centres.

Maryborough is part of the Fraser Coast which has a population of 96,000 approx. and is estimated to grow to 164,000 by 2031. With a gross regional product worth $3.3 billion supporting a workforce of 43,000 and averaging 933,000 visitors per year it is one of Australia's fastest growing regions. Maryborough is also centrally located to the gas and energy sectors which allows easy access to the Surat Basin and Gladstone areas.

Property Code: 3938

Property Summary

Motel Information

Marketing Agent
Richard O'Connell
Richard O'Connell

Listing location
Gallery

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