Key Investment Insights
AI generated. Confirm details with the seller.
1. Opportunity to secure a freehold going concern motel in a booming regional town in Queensland.
2. Impressive scale with 29 self-contained apartments and nine motel style rooms.
3. Extensive refurbishment undertaken, with 11 apartments fully renovated in the last two years.
4. High occupancy rate of 74%, with over 50% repeat corporate trade.
5. Strong relationships with key contacts and a large market share.
6. Currently run under management with owners doing relief management.
7. Experienced and dedicated staff on above award wages.
8. Strong tariffs with yearly growth.
9. Only 5% of revenue from food and beverage, indicating potential for growth in this area.
10. Land available for future development, subject to council approval.
11. High net profit and increasing turnover.
12. Property Code: 1179.