LARGE PROFITABLE LEASEHOLD MOTEL, IN FNQ LARGEST CITY - 2324ML
SOLD
Business Description
North Queensland is booming and the expected net is to be considerably more.
Already up $50k on the same first year's quarter for the financial year.
Exceptional 30 unit Motel.
Netting in excess of $223,000 for 2021/22 and priced to sell at $599,000 this Motel represents an excellent return for a Husband-and-Wife team to earn in excess of 37% return on investment.
- Strong and even growth for the last five years.
- Many major works and property improvements have been undertaken by the leasee.
- Enjoys a strong level of loyal and good repeat guests.
- All ground floor units with ample parking.
- Wide range of room styles to cater for both short term and long-term clientele.
- Long standing and loyal staff to assist with transition.
- 2 bedroom plus residence above reception.
Well located on the major motel circut in Queensland's third largest city, is enjoying consistent domestic traffic all during COVID.
This motel presents an opportunity for new owners to reap the benefits of all the hard work put in by the existing owners and enjoying a solid long lease.
The motel enjoys relatively high occupancy and room rates and presents in excellent condition.
Email Antonio for Property inspections which are by appointment only.
Net Profit: $223,028 for 2021/22
Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.
1. Strong and consistent growth in the past five years.
2. Significant property improvements and upgrades have been made by the current leasee.
3. Loyal and repeat customer base.
4. All ground floor units with ample parking.
5. Diverse range of room styles catering to short and long-term guests.
6. Long-standing and dedicated staff to assist with transition.
7. Includes a 2-bedroom residence above reception.
8. Well-located on the major motel circuit in Queensland's third largest city.
9. Consistent domestic traffic during COVID.
10. High occupancy and room rates.
11. Excellent condition and well-maintained property.
12. Solid long lease in place.
13. Opportunity for new owners to benefit from the hard work of existing owners.
14. Net profit of $223,028 for 2021/22.
15. Property inspections by appointment only.
