Queensland
LONG TERM LEASE AND ESTABLISHED PROVEN TENANT - 2834MI
UNDER CONTRACT
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 security.
2. Established, reputable tenant operating a proven accommodation business.
3. Modern construction, motel built 2006 and townhouses completed 2014.
4. 34-room motel with on-site office and reception, supporting scale and operations.
5. Five three-bedroom, two-bathroom serviced apartments/townhouses with lock-up garages, adding higher-yield room type and longer-stay appeal.
6. Fully licensed property with separate bar and restaurant space, indoor and outdoor seating, enabling F&B revenue.
7. Includes manager’s residence, facilitating on-site management and operational control.
8. Popular client mix of corporate guests, government employees and quality tourists, indicating stable demand and strong ADR potential.
9. Low-maintenance cement render and metal roofing, reported to be in exceptional condition, reducing near-term capital expenditure.
10. Convenient location close to city centre, shopping precincts, restaurants and the airport, attractive to both business and leisure travellers.
11. Positioned in a major service centre, implying consistent visitation and regional demand.
12. Clear upside opportunities to expand marketing and capitalise on economic growth and increasing visitor numbers; annual rent $400,000 plus GST provides transparent cashflow metric.
