Queensland
TRUE MONEY EARNER, SIGNIFICANT REDUCTION - 2834ML
SOLD
Business Description
- Modern build with motel constructed in 2006 and the Townhouses in 2014.
- Currently run under management with manager's wanting to stay.
- 34 room motel, office/ reception, restaurant (minimal), bar and manager's residence.
- 5 x 3 bedroom with 2 bathroom serviced apartments / townhouses each with lock up garages.
- All rooms have a kitchenette, LCD televisions, Foxtel, Wi-fi and air conditioning.
- Highly reputable and well-established accommodation provider.
- Low maintenance cement render with metal roofing and all in excellent condition.
- The motel and apartments offers modern and well-maintained facilities, including spacious and comfortable guest rooms, a licensed bar and restaurant, conference rooms, and ample parking.
- Fully licensed with a separate bar, indoor and outdoor seating.
- Very popular with corporate guests, government employees and quality tourists.
- Conveniently situated close to the city center, shopping precincts, restaurants, and Airport, making it an ideal choice for both business and leisure travelers.
- Numerous opportunities to expand and enhance the business enhancing marketing strategies, and capitalizing on economic growth and increasing visitor numbers.
- Major service centre.
- New 30-year lease.
Adjusted Net Profit: $669,500 for 2024/25
Contact Michael from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2834ML (quote when enquiring)
Property Code: 5183
Business Summary
Key Investment Insights
1. Modern build, motel constructed in 2006 and townhouses added in 2014, indicating relatively recent infrastructure and finishes.
2. Total accommodation offering of 34 motel rooms plus five 3-bedroom, 2-bathroom serviced townhouses each with lock-up garages, providing diversified revenue streams.
3. All rooms equipped with kitchenette, LCD TV, Foxtel, Wi‑Fi and air conditioning, supporting extended-stay and corporate guests.
4. Currently operated under management, with existing managers wanting to stay, enabling continuity of operations post-acquisition.
5. Fully licenced property with separate bar, indoor and outdoor seating and a minimal restaurant, adding F&B revenue potential.
6. On-site conference facilities and ample parking, appealing to corporate and group bookings.
7. Property in excellent condition with low-maintenance cement render and metal roofing, reducing immediate capex requirements.
8. Strong established reputation, described as a highly reputable and well-established accommodation provider with popularity among corporate guests, government employees and quality tourists.
9. Convenient location close to the city centre, shopping precincts, restaurants and the airport, supporting both business and leisure demand.
10. Major service centre status, implying steady demand drivers and regional catchment advantages.
11. New 30-year lease in place, offering long-term tenancy/security benefits for the owner.
12. Attractive adjusted net profit of $669,500 for 2024/25, with identified opportunities to expand through enhanced marketing and capitalising on economic and visitor growth.
