Nanango, Queensland
2040ML - 45.8% Return on Investment - 25 year Leasehold Motel
SOLD
Business Description
- Country motel on acres only 188kms from Brisbane.
- Established restaurant, private bar - fully staffed.
- Large four bedroom home suitable for family living.
- 15 rooms with good mix to suit all guest needs - undercover parking.
- 5 acres of level grounds - established vineyard, sheds, pool, etc.
- Strong 3.5 star presentation throughout wtih computerised front office.
- This is without doubt the best buy on the market today.
For anyone currently looking to buy a motel lease whether with or without a restaurant this is an absolute must to inspect. The residence is large with direct access to reception, suitable for families, pets and in-laws located in a strong rural community with consistent annual growth and net profit plus ample room to live, work and enjoy life.
The owners have fully trained staff operating the restaurant and for new operators there is scope to value add in all aspects as the motel is far from reaching full potential.
With a return on investment of 45.8%, strong 3.5 star presentation and long 26 year lease this is the best leasehold that we have on the market.
Net profit $217,814 for 2014/15
Contact John Warren from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2040ML (quote when enquiring)
Location: Nanango Qld
Nanango is the second-largest town in the South Burnett (as well as the 4th oldest town in Queensland) and has a population of around 4,500 residents. It is a moderately large country town and has a very friendly and informal atmosphere. The CBD features impressive chainsaw sculptures and murals which reflect the town's historical connections with timber-felling, farming and mining. The CBD area has convenience and food stores, a supermarket, restaurants and petrol outlets. Two cellar doors are also located within a few blocks of the centre of town.
Major annual events include the international Criterium Bike Race (held in Nanango's CBD in February); the Nanango Show (held at the Nanango Showgrounds in April); the Nanango Arts Festival (week in June; the Nanango Country Music Muster (held at the Showgrounds in September; the week-long Pioneer Festival (October) and the Christmas Carnival (December).
Property Code: 354
Business Summary
Key Investment Insights
1. Country motel located only 188kms from Brisbane.
2. 25 year leasehold with strong 3.5 star presentation.
3. Large four bedroom home suitable for family living.
4. Established restaurant and private bar, fully staffed.
5. 15 rooms with good mix to suit all guest needs.
6. Undercover parking available.
7. 5 acres of level grounds with established vineyard, sheds, and pool.
8. Computerised front office for efficient management.
9. Strong rural community with consistent annual growth.
10. Net profit of $217,814 for 2014/15.
11. Return on investment of 45.8%.
12. Scope for value adding and reaching full potential.
13. Long 26 year lease.
14. Located in Nanango, the second-largest town in the South Burnett.
15. Town has a friendly and informal atmosphere.
16. CBD features impressive chainsaw sculptures and murals.
17. Convenience and food stores, supermarket, restaurants, and petrol outlets in CBD.
18. Major annual events including international bike race, arts festival, and country music muster.
19. Property Code: 354.
