Monto, Queensland

2707MF - GREAT PERFORMING REGIONAL MOTEL

FREEHOLD $1,200,000

Property Description

Key property features:

- 21 well-appointed motel rooms.

- 20% ROI and further occupancy growth.

- On the main road leading into town.

- Great long term property investment.

- 3-bedroom residence with large lounge and kitchen.

- Restaurant (currently only providing room service) potential increase revenue.

- Ample off-street parking for motel guests.

- Rapid growth area with strong investment and industry.

- Opportunity for continuous business growth.

Situated in the reginal country town of Monto, the Three Moon Motel is on the main entry road, close to shops and amenities. This 21-room freehold motel is a solid investment and business returning a 20% ROI.

The property features 21 well-appointed rooms with all amenities, with ample off-street parking for all vehicles. An excellent residence with two bedrooms and large lounge, bathrooms, perfect for new owners with a family.

The property of 1,141 m2 expands over a corner block with dual street entrances, providing a solid investment.

The business has traded well through the tough COVID period, with consistent revenue over the last 3 years. With an increased contractor workforce in the area on major projects the occupancies are strong, and the outlook is showing great growth.

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.

Providing a 20% ROI and with further opportunity to continue to upgrade the facilities and increase yield.

Net Profit: $231,096 for 2020/21

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

Property ID: 2707MF (quote when enquiring)

Property Code: 4157