2199MF - QUALITY SMALL FREEHOLD MOTEL WITH STRONG TRADE
- Quality Freehold Motel.
- Low maintenance.
- Easy to run by a couple or single.
- Large comfortable residence.
- Landscaped grounds.
- Consistent returns.
- Close to Toowoomba and Wellcamp Airport.
- Two new projects commenced in January 2020; a $40m coldroom extension at the Oakey Abattoirs, and an $11m new Medical Centre at the Oakey Army Base, which will bring additional demand for accommodation in the town.
This motel has been maintained to a very high standard with modern décor and quality bathrooms and offers eight rooms of mixed configuration including two self-contained units.
The residence and all motel rooms have had split system air conditioning installed plus five motel rooms have recently been refurbished. In addition, the roof covering the car parking has been completely replaced and the list of improvements goes on. There would be little to do for a new owner but concentrate on the business.
This motel has traded consistently well over the years but still offers plenty of upside as the town grows and demand for accommodation increases.
The very comfortable residence is on two levels, with high ceilings, living area and large kitchen conveniently located behind reception plus three spacious bedrooms upstairs. The main bedroom has its own ensuite that was refurbished in 2015. There is also a shaded, secure outdoor area to sit and relax.
Situated close to Oakey town Centre and just a short walk to the local RSL and dining facilities. Oakey is just 20 minutes from Toowoomba and 1.5 hours from Brisbane.
A quality freehold motel that is affordable, requires minimal maintenance and is profitable, well worth a look.
Net Profit: $115,661 fro 2018/19; $90,885 for 2019/20
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2199MF (quote when enquiring)
Location: Oakey is a country town nestled in the Darling Downs Region located approximately 30 kilometres west of Toowoomba just off the Warrego Highway, the main road connecting Toowoomba to Dalby. Oakey is a rich agricultural area that produces grain, cotton, oilseeds and other crops. Oakey functions as a service centre for neighbouring towns such as Jondaryan, Kingsthorpe, Gowrie Mountain, Kulpi and Peranga boasting a broad range of services and facilities for residents and visitors, as well as the region’s agricultural sector.
Oakey allows residents to embrace rural living whilst enjoying easy access to Toowoomba via the Warrego Highway. Oakey is a proud inclusive community eager to foster the town’s economic and social development to ensure the best outcome for the community.
Property Code: 3329