Queensland
LONG TERM LEASE AND ESTABLISHED PROVEN TENANT - 2834MI
INVESTMENT $5,000,000
Business Description
- Highly reputable and well-established accommodation provider.
- Modern build with Motel constructed 2006 and the Townhouses 2014.
- 34 room motel, office/ reception, restaurant (minimal), bar and manager’s residence.
- 5 x three-bedroom with two-bathroom serviced apartments / townhouses each with lock up garages.
- Fully licensed with a separate bar, indoor and outdoor seating.
- Very popular with corporate guests, government employees and quality tourists.
- Low maintenance cement render with metal roofing and all in exception condition.
- 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.
Annual Rent: $400,000 plus GST
Contact Michael from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2834MI (quote when enquiring)
Property Code: 5202
Business Summary
Key Investment Insights
1. New 30-year lease in place, providing long-term income stability and investment security.
2. Established, highly reputable tenant operating a proven accommodation business; likely low tenant turnover risk.
3. Modern construction, motel built 2006 and townhouses built 2014, indicating relatively recent capital improvements and reduced immediate capex needs.
4. Asset mix includes a 34-room motel, office/reception, restaurant (minimal), bar and manager’s residence, offering diverse revenue streams.
5. Five three-bedroom, two-bathroom serviced apartments/townhouses each with lock-up garages, attractive for extended-stay or premium guests.
6. Fully licensed property with a separate bar and both indoor and outdoor seating, enhancing F&B revenue opportunities.
7. Popular customer base comprising corporate clients, government employees and quality tourists, supporting stable weekday and contract bookings.
8. Low-maintenance cement render and metal roofing, reported to be in excellent condition, suggesting lower ongoing maintenance costs.
9. Convenient central location near city centre, shopping precincts, restaurants and the airport, increasing appeal to both business and leisure travellers.
10. Situated in a major service centre, implying consistent demand from regional business and transit traffic.
11. Clear growth potential through expanded marketing and capitalising on economic growth and increasing visitor numbers; annual rent specified at $400,000 plus GST for financial planning.
