Pialba, Queensland

COASTAL LUXURY EXECUTIVE MONEY MAKING MOTEL - 2038ML

SOLD

Business Description

- Recently refurbished executive motel.

- 16 Unit B&B Motel with ocean reserve location.

- Strong and consistent client case corporate/holiday.

- Huge 3 bedroom home - large lounge/family areas on both levels.

- Good mix of corporate Motel units and 2 bedroom apartments.

- Lock-up garage/storage, and pool.

- Very popular coastal holiday destination.

- Long 30 year lease - modern complex - plenty of growth.

A quiet location opposite a safe beach with many playgrounds and water park in the area make it popular with families. The motel offers Motel and Family rooms as well as 2 Bedroom Apartments. Available on site is a saltwater pool, barbeque facilities and guest laundry. Corporate and Sales Reps are regular guests.

The property has established systems to book all tours and activities –Fraser Island, Whale Watching (Jul-Nov), Lady Elliot, Scenic Tours, Fishing Charters, Golf, Bowls, Diving, Sailing, Sky Diving, Dinner Cruises, Dolphin Tours, Bicycle hire, Horse riding, all water sports and many other activities. Most tours offer free transfer to and from motel. Guests are able to leave your car at the motel at no extra charge.

The median age of people in Hervey Bay was 48 years. Children aged 0 - 14 years made up 16.8% of the population and people aged 65 years and over made up 28.2% of the population.

Approximately 1.4 million overnight visitors come to this region each year. Lifestyle. It's the reason most people give for coming to Hervey Bay and the reason they give for staying.

A new $100m regional library building and Council administration centre is being built. The population estimate for Hervey Bay as of the 30th June 2022 is 62,071. Since the previous year, the population has grown by 2.62%. Population growth in Fraser Coast Regional Council was 2.68%.

With its thriving economy, fantastic weather, and strong demand for rental houses, Hervey Bay offers plenty of opportunities for property investment. Announced as the seventh most popular spot in the country in the Wotif 2022 Aussie Town of the Year Awards which are based on accommodation quality, affordability and traveller satisfaction based on reviews on Wotif.com. Hervey Bay was in the same position last year. 23 Feb 2022



Net Profit: $256,417 for 2022/23

Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2038ML (quote when enquiring)

Property Code: 4738

Business Summary

Marketing Agent
Michael Philpott
Michael Philpott

Key Investment Insights

1. Recently refurbished executive motel with 16 units, located in a prime ocean reserve location.
2. Strong and consistent client base of both corporate and holiday guests.
3. Spacious 3 bedroom home with large lounge/family areas on both levels.
4. Good mix of corporate motel units and 2 bedroom apartments.
5. Additional amenities such as lock-up garage/storage and pool.
6. Located in a popular coastal holiday destination with plenty of potential for growth.
7. Long 30 year lease and modern complex.
8. Quiet location opposite a safe beach with many nearby playgrounds and water parks, making it popular with families.
9. Established systems in place for booking tours and activities, providing convenience for guests.
10. High median age of population in the area, indicating potential for long-term guests.
11. High number of overnight visitors to the region, providing a steady stream of potential guests.
12. Strong demand for rental properties in the area, making it a desirable location for property investment.
13. Recently announced as the 7th most popular spot in the country in the Wotif 2022 Aussie Town of the Year Awards.
14. Net profit of $256,417 for the upcoming financial year.
15. Located in a highly desirable and growing area with a new $100m regional library and council administration centre being built.
16. Population growth in the Fraser Coast Regional Council area is higher than the national average.
17. Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Listing location

This Business is sold

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