Maryborough, Queensland
REGIONAL CITY HOTEL/MOTEL - 117HF
FREEHOLD $2,500,000
Business Description
Key property features:
Details about the Hotel/Motel
- Renovations over $120,000 completed recently
- Kitchen appliances are two to three years old.
- All hot water systems range from one to four years old.
Hotel consists of:
- Public bar
- Kitchen (not operational at present)
- Private bar / function room
- Beer garden fully licensed
Riverview Motel consists of:
- 23 units
- 9 units are under long term lease renting at $1,000 per week
- 14 units recently constructed, rent at $220 per week
The Tinana Hotel, affectionately known as "The Tinnie" by the locals, is based in the town of Maryborough, Queensland on the banks of the Maryborough River.
The adjoining Riverview Motel is made of a 9-room motel, 3 hotel rooms and 11 new donga-style rooms all with on suite bathrooms. All rooms are rented on a weekly basis and are running at 100% occupancies at all times.
The Hotel is currently running one bar with weekly pool comp and monthly band nights which attracts customers from the entire region. Opportunity for new owners to re-open the restaurant and function rooms or establish a new lease for the entire hotel.
Contact Dale Shearer from Tourism Brokers for further information or to arrange an inspection.
Property ID: 117HF (quote when enquiring)
Property Code: 4812
Business Summary
Key Investment Insights
1. Recently completed renovations worth over $120,000
2. Kitchen appliances are relatively new (2-3 years old)
3. All hot water systems are relatively new (1-4 years old)
4. Hotel includes a public bar, kitchen (not operational), private bar/function room, and fully licensed beer garden
5. Riverview Motel has 23 units, with 9 units currently under long term lease at $1,000 per week and 14 recently constructed units renting at $220 per week
6. Located in Maryborough, Queensland on the banks of the Maryborough River
7. Adjoining Riverview Motel has a mix of motel rooms, hotel rooms, and new donga-style rooms with en suite bathrooms
8. All rooms are rented on a weekly basis and have 100% occupancy
9. The hotel currently runs one bar with weekly pool competitions and monthly band nights, attracting customers from the entire region
10. Opportunity for new owners to re-open the restaurant and function rooms or establish a new lease for the entire hotel.
