Rockhampton City, Queensland

2534ML - Exceptional Returns on this B&B Leasehold Motel

SOLD

Business Description

- 80% Occupancy and great returns

- Walking distance to clubs and restaurants

- 5 minutes from airport and railway station, bus station over the road

- Centre of town position on the Bruce Highway

- Ongoing upgrades, new beds, air cons, televisions

- All rooms have kitchenettes

- 72 Solar panels that will reduce your electricity costs in the future

- Undercover parking for vehicles

- 4 bedroom residence

This high performing 20 room leasehold Bed and Breakfast motel sits in a perfect position in the centre of Rockhampton on the Bruce Highway.

The current owners have built a strong reputation for service over the years and this is shown by the continuing returns and occupancy numbers.

The motel presents very well, and the current owners have continually improved the property over the years. The building now has 72 solar panels connected that will reduce the electricity costs from here on and internally many upgrades have taken place with new televisions, beds and air conditioners being replaced in the last couple of years.

The comfortable four-bedroom main residence has its own kitchen and laundry, is air conditioned and sits upstairs from reception.

Clubs and restaurants are within easy walking distance with the local leagues club being just a couple of minutes walk away.

The current owners now want to retire and whilst the lease has only 8 and half years to run the returns are exceptional.

Rockhampton is the hub of Queensland, being the departure point for Central Western Queensland travel, and is the mid-point between Brisbane and Cairns.

Net Profit $276,050 for 2017/18

Contact Mark Tuck from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2534ML (quote when enquiring)

Property Code: 2750

Business Summary

Marketing Agent

Mark Tuck

0477 01....

Tourism Brokers

Key Investment Insights

AI generated. Confirm details with the seller.

1. Prime location in the centre of Rockhampton on the Bruce Highway, providing easy access to major transportation hubs such as the airport, railway station, and bus station.
2. Strong reputation for service, resulting in high occupancy rates and exceptional returns.
3. Ongoing upgrades to the property, including new beds, air conditioners, and televisions, ensuring a comfortable and modern experience for guests.
4. All rooms equipped with kitchenettes, providing convenience for guests.
5. 72 solar panels installed, reducing electricity costs for the future.
6. Undercover parking for vehicles, providing added convenience for guests.
7. Comfortable four-bedroom main residence with own kitchen and laundry.
8. Walking distance to clubs and restaurants, including the local leagues club.
9. Hub of Queensland, making it a popular departure point for Central Western Queensland travel and a midpoint between Brisbane and Cairns.
10. Exceptional net profit of $276,050 for 2017/18, making it a highly profitable business opportunity.