Pialba, Queensland
2640MF - 15.5% ROI, FREEHOLD MOTEL, WATERFRONT LOCATION, LIFESTYLE, EXCELLENT RETURNS
SOLD
Business Description
- High quality 22 room 3.5 star Best Western branded motel.
- Ocean front / esplanade location (walk to the sea).
- Growth location area.
- Excellent trading motel with mix of corporate and family guests, currently run under management.
- Large spacious, well-appointed and comfortable rooms (average 30sqm), in excellent order.
- 30 seat restaurant (currently unused), commercial kitchen and licensed bar.
- Easy walk to town centre and RSL.
- Completely repainted inside with all new beds, curtains, fridges.
- Minimal ongoing maintenance.
- Dual street frontage.
- Possible future high-rise site.
- Call for an inspection you will not be disappointed.
On offer is the freehold going concern of one Hervey Bay’s best motels. The 22 room, two storey, 3.5 star motel has established itself over the years with many guests and organisations as the place to stay.
Situated on the seafront esplanade and opposite Pialba Bay Beach and Seafront Oval, just 5 minutes’ walk from local shops, the RSL and cafes.
This welcoming motel is spotless and offers a genuine opportunity for; a couple to owner operate, install a management team or sell a lease and benefit from the continual growth this area generates.
The 22 air-conditioned rooms are large (average 30sqm), extremely well presented and well-appointed with high quality furniture, fixtures and fittings.
All rooms have been repainted, have new beds, curtains and fridges. Thus, providing a very low maintenance scenario for a new owner.
Guests enjoy access to the saltwater plunge pool, Foxtel, free WiFi and room service meals. In addition, there is a currently unused 30 seat licensed restaurant and bar. You cannot fail to be impressed as you walk or drive into this property.
Hervey Bay is a continually developing area, with its own airport, hospitals, major shopping areas and of course it is the gateway to Fraser Island and the whale watch capital of the world.
There is also the long-term potential for this land area to be a high rise site given its position. A great place to live, and a great business to own.
Come and take a look, you won’t be disappointed.
Net Profit: $435,042 Projected for 2020/21
Contact Mark Tuck from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2640MF (quote when enquiring)
Property Code: 3634
Business Summary
Key Investment Insights
1. High quality 22 room 3.5 star Best Western branded motel.
2. Ocean front / esplanade location (walk to the sea).
3. Growth location area.
4. Excellent trading motel with mix of corporate and family guests, currently run under management.
5. Large spacious, well-appointed and comfortable rooms (average 30sqm), in excellent order.
6. 30 seat restaurant (currently unused), commercial kitchen and licensed bar.
7. Easy walk to town centre and RSL.
8. Completely repainted inside with all new beds, curtains, fridges.
9. Minimal ongoing maintenance.
10. Dual street frontage.
11. Possible future high-rise site.
12. Net Profit: $435,042 Projected for 2020/21.
13. Located in Hervey Bay, a continually developing area with its own airport, hospitals, major shopping areas and as the gateway to Fraser Island.
14. Potential for a couple to owner operate, install a management team or sell a lease.
15. Access to saltwater plunge pool, Foxtel, free WiFi and room service meals.
16. Potential for the land area to be a high-rise site given its position.
17. Great place to live and own a business.
18. Contact Mark Tuck from Tourism Brokers for further information or to arrange an inspection.
19. Property ID: 2640MF (quote when enquiring).
20. Property Code: 3634.
