Rockhampton City, Queensland
2236ML - Affordable Leasehold Opportunity with Prominent Highway Frontage!
SOLD
Business Description
This 28 unit motel is located on a large corner block with excellent exposure on main road into the city. It comprises a small two bedroom residence with a kitchenette off reception, a salt water swimming pool and ample parking with side access.
There are lots of upside with this property:
- Potential to increase turnover as the fully licensed restaurant that can cater up to 50 guests is currently closed with only room service being offered.
- The current owner utilises two of the motel rooms for family and friends that could add to the bottom line.
- Currently run under relief management with opportunity to improve with owner operator.
Net profit $110,214 for 2014/15
Contact Debbie Nicholson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2236ML (quote when enquiring)
Location: Rockhampton Qld
Rockhampton, affectionately known as 'The Beef Capital of Australia', is steeped in cultural heritage and strikes a charming balance between a laidback country town and a modern city lifestyle. This thriving city is the business hub of the Capricorn Region and is both a gateway to the Queensland outback and within a stone's throw of some of Australia's most unspoilt beaches.
Situated on the banks of the mighty Fitzroy River, Rockhampton is renowned for its elegant streetscapes with majestic sandstone buildings and the iconic life-sized bull statues scattered around town that represent the country roots of the city and its status as the 'Beef Capital of Australia'.
With a population of over 60,000, Rockhampton is the best of both city and country, offering authentic and easy going country hospitality as well as city-standard shopping, dining and a wide range of entertainment options. Approximately one million tourists visit Rockhampton and district per year. The region offers a diverse range of attractions rich in culture, heritage and adventure.
Property Code: 1803
Business Summary
Key Investment Insights
1. Prime location on a main road into the city with high exposure
2. Large corner block with ample parking and side access
3. Potential for increased turnover with a fully licensed restaurant currently closed
4. Opportunity to utilize two motel rooms for personal use, adding to the bottom line
5. Currently run under relief management, potential for improvement with owner operator
6. Net profit of $110,214 for 2014/15
7. Located in Rockhampton, a thriving city known for its cultural heritage and balance between country and city lifestyle
8. Gateway to the Queensland outback and close to unspoilt beaches
9. Population of over 60,000 and approximately one million tourists visit the region per year
10. Diverse range of attractions for tourists, including culture, heritage, and adventure.
