Miles, Queensland
CHEAP LEASEHOLD AT 50% ROI - 2023ML
SOLD
Business Description
If you have been looking for an easy to operate leasehold motel in a good trading area, then look no further. This motel had been in the same hands for many years until they retired and left the property in disarray. The current owner has gone in, tidied the place up and repositioned the property in the local marketplace. The last few months since the improvements has seen the occupancy and turnover skyrocket.
So, what exactly is on offer?
- Main road exposure in the centre of town.
- 12 ground floor rooms of varying configurations.
- 3 bedroom residence.
- Low maintenance grounds and gardens, pool and barbeque area.
- Affordable rent currently at $70K pa. (no market reviews)
- A 30 year lease and only CPI increases.
- New 39 kw solar system.
- No restaurant or liquor license.
Miles is in the middle of a strong agricultural area and the SW QLD gas fields. It is on the main arterial highway leading from Brisbane and caters for tradies and travellers of all kinds. It is a small friendly town approximately 2.5 hours from Toowoomba.
This property is suitable for a couple wanting to reposition their life, work for themselves and save some money for the future. The projected figures for 2022 and beyond are strong and your good work should be rewarded for many years to follow.
Don’t hesitate, call me now and arrange a private inspection.
Turnover: $325,000 projected for 2022/23 Net Profit: $180,000 projected for 2022/23 (as provided by vendor)
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2023ML (quote when enquiring)
Property Code: 4201
Business Summary
Key Investment Insights
1. The motel has been recently renovated and repositioned in the local marketplace, resulting in a significant increase in occupancy and turnover.
2. The property is located on a main road in the center of town, providing high visibility and easy access for guests.
3. The motel offers 12 ground floor rooms of varying configurations, making it suitable for a variety of guests.
4. The property includes a 3 bedroom residence for the owner's use.
5. The grounds and gardens are low maintenance, and there is a pool and barbeque area for guests to enjoy.
6. The rent is currently affordable at $70,000 per year with no market reviews, providing stability for the business.
7. The lease is for 30 years with only CPI increases, providing long-term security for the owner.
8. The property has a new 39 kw solar system, reducing energy costs for the business.
9. There is no restaurant or liquor license, reducing operational costs for the owner.
10. The town of Miles is in a strong agricultural area and is also close to the SW QLD gas fields, providing a steady stream of potential guests.
11. The town is approximately 2.5 hours from Toowoomba, making it easily accessible for travelers.
12. The property is suitable for a couple looking to reposition their life and work for themselves, with the potential to save money for the future.
13. The projected figures for 2022 and beyond are strong, providing potential for long-term profitability.
14. The property is listed at a 50% ROI, making it a potentially lucrative investment opportunity.
15. The property is listed with Tourism Brokers, a reputable agency specializing in the sale of tourism and hospitality businesses.
