Maryborough, Queensland

2030MF - FRASER COAST REGION FREEHOLD MOTEL OPPORTUNITY

FREEHOLD $1,900,000

Property Description

Key features:

- 20 well-appointed motel rooms.

- In the heart of town, close to shops and restaurants.

- Great long term property investment.

- 3-bedroom residence with large lounge and kitchen.

- Restaurant and bar (currently closed) potential increase revenue.

- Ample off-street parking for motel guests.

- Rapid growth area with strong investment and industry.

- All buildings and property well maintained and presented.

- Opportunity for continuous business growth.

- 30 minutes to the coastal town of Hervey Bay.

Situated in the heart of town, close to all shops and amenities and on the main entry road, this 20-room freehold motel is a solid investment and business.

The property features 20 well-appointed rooms with all amenities, swimming pool/ barbeque area with ample off-street parking for all vehicles. An excellent residence with three bedrooms and large lounge, bathrooms, perfect for new owners with a family.

The property of 2,000 m2 expands over a corner block with dual street entrances, providing long term opportunity for expansion or further development.

The business has traded well through the tough COVID period, with consistent revenue over the last three years. Now with border openings and increased freedom of travel FY22 is looking to have great growth.

Maryborough is the gateway to Hervey Bay and the Fraser Coast and with large projects confirmed for the town over the coming years, the area is having a mini boom. Tourism travel through the area has continued to grow and the recent housing market rise has given the town a great boost.

This property provides a great opportunity for the purchaser to invest in a solid piece of real estate and create a new lifestyle with this easy to run business. Based in the heart of a historical QLD town, yet only 30 minutes to the coast.

With average Room Tariffs of $110 a night, and great growth potential, this business has an annual Net Adjusted Profit of $202,609.

Net Profit: $202,609 for 2020/21

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

Property ID: 2030MF (quote when enquiring)

Property Code: 3999

Property Summary

Motel Information

Marketing Agent
Richard O'Connell
Richard O'Connell

Listing location
Gallery

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