Queensland

Modern 57 Unit Passive Investment Motel

Freehold Passive Investment $8,950,000

Business Description

QTHB have been exclusively appointed to sell this high quality passive investment motel. This is a premium motel property the likes of which are rarely available. Key features include:
* 57 accommodation units, ranging from comfortable studio rooms to spacious king size units
* Charming cafe dining facility with commercial kitchen that seats 36 inside and outside overlooking the lovely pool area
* Large 3 bedroom, 2 bathroom managers residence
* Resort amenities including inground swimming pool, BBQ area, landscaped gardens and expansive grassed area, guest laundry and motel laundry.
* Situated within a 2 minute walk to the beach and a 10 minute walk to the city centre
* Built in 2014, this is a modern motel facility attracting corporate, tourist and transient travellers
* 21 years remaining on the current lease with a passing annual rent of $600,000 plus GST
* The current lessee has operated the business for the past 8 years
* Lessee pays all outgoings
* Situated on a land area of 3,870sqm

A quality accommodation property such as this will not be available for long. Contact the Exclusive Marketing Agent today!

Queensland Tourism & Hospitality Brokers (QTHB) has compiled this information from sources we believe to be reliable, however QTHB does not give any warranty as to the accuracy, error or omission of information, if any. Interested parties should rely on their own enquiries.

Business Summary

Motel Information

Total Rooms: 57Sale Type: -

Marketing Agent

Andrew Morgan

QTHB

Key Investment Insights

AI generated. Confirm details with the seller.

1. Passive investment motel with 21 years remaining on the current lease and annual passing rent of $600,000 plus GST.
2. Lessee pays all outgoings and has operated the business for eight years.
3. 57 accommodation units ranging from studio rooms to spacious king size units.
4. Located within a two minute walk of the beach and a ten minute walk of the city centre.
5. Built in 2014, the modern motel attracts corporate, tourist and transient travellers.
6. Cafe with commercial kitchen seats 36 across indoor and outdoor dining areas overlooking the pool.
7. Large manager’s residence includes three bedrooms and two bathrooms.
8. Resort amenities include an inground swimming pool, BBQ area, landscaped gardens and an expansive grassed area.
9. Guest laundry and motel laundry facilities support accommodation operations.
10. Property occupies a land area of 3,870 square metres.