Miles, Queensland
REDUCED FOR QUICK SALE - 2371MF
REDUCED FREEHOLD $2,999,999
Business Description
- Quality motel only 10 years old.
- Motel was built with professionals / workers in mind.
- 24 executive quality motel rooms, modern, low maintenance with a good layout.
- Commercial kitchen and bar (not in use).
- Dining area / conference room - seats approximately 30 people.
- Rare, quality 3 bedroom residence attached to reception.
- Guest laundry, two storage rooms and ample storage with a good layout.
- Plenty of parking onsite, low maintenance concrete areas and on the road areas for larger vehicles if so required.
This is a genuine, rare and outstanding offering, we could rave on for ages about the build quality, but you need to see the property in person to appreciate it. Miles is 4.5 hours west of Brisbane at the junction of the A2 and A5 highways.
A modern low maintenance construction with a significant depreciation allowance available. There is loads of potential for a good motel operator to improve the bottom line and make a significant capital gain.
Option to purchase 2 x 3 bed units adjacent if you extra capital available.
Call now to secure this quality property and reap the rewards!
Turnover: $461,890 (GST excl) 2024 – Feb 2025 (8 months); $593,452 (GST excl) 2023/24 (Property stats - provided by vendor)
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2371MF (quote when enquiring)
Property Code: 4247
Business Summary
Key Investment Insights
1. Motel was built with professionals/workers in mind, making it a desirable option for business travelers.
2. 24 executive quality motel rooms, providing a high level of comfort and modern amenities for guests.
3. Commercial kitchen and bar, offering potential for additional revenue streams.
4. Dining area/conference room that can accommodate up to 30 people, making it suitable for events and meetings.
5. Rare 3 bedroom residence attached to reception, providing convenience and potential for onsite management.
6. Guest laundry and ample storage space, catering to the needs of guests and ensuring efficient operations.
7. Plenty of onsite parking and low maintenance concrete areas, making it suitable for larger vehicles.
8. Located in Miles, a prime location at the junction of A2 and A5 highways, providing easy access for travelers.
9. Modern and low maintenance construction with significant depreciation allowance available.
10. Potential for a good motel operator to improve the bottom line and make a significant capital gain.
11. Option to purchase 2 x 3 bed units adjacent to the property, providing additional potential for expansion.
12. Strong turnover of $461,890 (GST excl) for 2024-Feb 2025 (8 months) and $593,452 (GST excl) for 2023/24.
13. Property stats provided by vendor, ensuring accuracy and transparency in financial information.
14. Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
15. Property ID: 2371MF (quote when enquiring), making it easy for potential buyers to reference the listing.
16. Property Code: 4247, providing a unique identifier for the property.
