Queensland
TRUE MONEY EARNER, SIGNIFICANT REDUCTION - 2834ML
REDUCED LEASEHOLD $1.5M
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 purpose-built asset, motel constructed in 2006 and townhouses built in 2014, indicating relatively recent capital works and contemporary standards.
2. Strong core earnings, adjusted net profit $669,500 for 2024/25.
3. Asset scale and mix, 34-room motel plus five three-bedroom, two-bathroom serviced apartments/townhouses with lock-up garages, offering multiple revenue streams.
4. New 30-year lease in place, providing long-term tenure and income security.
5. Manager-run operation with current managers willing to stay, supporting continuity and low transition risk.
6. Fully licensed facility with separate bar, indoor and outdoor seating and a minimal restaurant, enabling F&B revenue and events trade.
7. Rooms well equipped for guests, each with kitchenette, LCD television, Foxtel, Wi‑Fi and air conditioning, suited to extended-stay and corporate guests.
8. Additional facilities include conference rooms, ample parking and a manager’s residence, enhancing operational flexibility and corporate appeal.
9. Low-maintenance construction, cement render and metal roofing described in excellent condition, reducing near-term capital expenditure.
10. Strong market positioning and demand, highly reputable, popular with corporate clients, government employees and quality tourists, and located close to the city centre, shopping precincts, restaurants and the airport.
11. Identified growth opportunities, scope to enhance marketing and capitalise on economic growth and rising visitor numbers.
12. Located in a major service centre, which supports steady demand and potential for seasonal and business-related occupancy.
