Richmond, Queensland

2580ML - HUGE RELIABLE MONEY AREA AND QUALITY HOME AND MOTEL OFFERING

SOLD

Business Description

- Exceptionally reliable money maker.

- Huge return and regular business.

- Spacious 3 bedroom residence.

- Fantastic opportunity to make good money and have a life.

- Over 40% return on investment.

- Strong mix of government and corporate clients.

- Located close to tourist sites.

- Regular and reliable return clientele.

- Extensive replacements have been purchased and additional upgrades completed: $65,000 Solar; All beds and televisions replaced; $30,000 on new Kitchen; Barbeque installed; All rooms have table's out the front for guests to use.

- Easily managed by a couple.

- Popular location that does not need a website or have one but would benefit considerably allowing you to add instant value.

- 25 modern units in the facility on profile corner block.

- Diversified business with a number of income streams.

- Built in 2001, the property is modern and well presented.

- Exceptional professional Landlord with a long lease and more years can be purchased as part of the negotiations.

- Fantastic starter or a property for a family seeking a long term reliable cashflow business.

- Modern brick construction with iron roof.

- Close to all amenities in addition to the tourism sites the area has to offer, guests can easily use the property as a base and have a long-term stay.

- When you're feeling hungry, you can check out Mud Hut Hotel (0.1 km), Treats For Your Table (0.5 km), or Moonrock Cafe (0.1 km), which are all within walking distance. If you’re looking for something to do, Cambridge Downs Heritage Display Centre (0.1 km) is a nice way to spend some time, and it is within walking distance of the Inn.

Net Profit $396,124 FOR 2020/21 (as provided by vendor) - 72% RETURN!!

$343,190 expected under normal circumstances - 62% RETURN

Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2580ML (quote when enquiring)

Location: Richmond is a small outback town, located halfway between Townsville and Mount Isa, which is essentially a service centre for the surrounding sheep and beef pastoral community. Characterised by a wide main street (Goldring Street) it is enhanced by its median strip gardens of bougainvilleas, native trees and shrubs. When you're feeling hungry, you can check out Mud Hut Hotel (0.1 km), Treats For Your Table (0.5 km), or Moonrock Cafe (0.1 km), which are all within walking distance of the motel.

Property Code: 4075

Business Summary

Marketing Agent

Michael Philpott

Tourism Brokers

Key Investment Insights

AI generated. Confirm details with the seller.

1. The business is a highly profitable and reliable money maker.
2. The property includes a spacious 3 bedroom residence.
3. The business offers a fantastic opportunity to make good money while maintaining a work-life balance.
4. The return on investment is over 40%.
5. The business has a strong mix of government and corporate clients.
6. The location is close to tourist sites, providing potential for additional revenue.
7. The business has a regular and reliable clientele.
8. The property has undergone extensive upgrades, including solar panels, new furniture and appliances, and a new kitchen.
9. The business is easily managed by a couple.
10. The property has 25 modern units and is located on a profile corner block.
11. The business has multiple income streams, making it a diversified investment.
12. The property was built in 2001 and is modern and well presented.
13. The landlord is professional and offers a long lease, providing stability for the business.
14. The property is suitable for a family seeking a long-term reliable cashflow business.
15. The property is constructed of modern brick and has an iron roof.
16. The location offers easy access to amenities and tourist sites, making it an attractive base for long-term stays.
17. The property is located near several dining options and a heritage display centre.
18. The expected net profit for 2020/21 is $396,124, providing a 72% return on investment.
19. Under normal circumstances, the expected net profit is $343,190, providing a 62% return on investment.
20. The property is listed under the ID 2580ML and is located in Richmond, a small outback town between Townsville and Mount Isa.