Nanango, Queensland

RETURNING A 50% ROI - ID 2145ML

Under Contract / Offer

Property Description

- 20% price reduction at $250,000 Firm.

- Providing a 50% return on investment.

- Net Profit after Rent circa $125,000.

- High occupancy rates year on year, with potential to increase room rates and income.

- 16-unit motel with various room configurations.

- 22 years remain on the lease from May 2022.

- Strong repeat corporate business.

- Brick/block construction with undercover parking.

- Owner wants it sold and has met the market on price!

Very easy to run motel. All cleaning is done by one casual cleaner, so wages are kept to a minimum.

The majority of trade is repeat business from long established companies and Tradies that service the nearby power station and adjacent coal mine. The coal mine recently sold for $150 million dollars which secures the mine and power station’s long-term future.

Nanango boasts excellent schools both public and private, eateries and the charming feel of a genuine country town just two hours to the Sunshine Coast.

The owner's accommodation comprises of three bedrooms, air conditioning, all with built-ins, large living area with air conditioner and wood fireplace.

Net Profit: $128,024 for 2020/21

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

Property ID: 2145ML (quote when enquiring)

Property Code: 3896

Property Summary

Marketing Agent
Richard O'Connell
Richard O'Connell

Listing location
Gallery

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