Rosslea, Queensland

51 Room Inner City Motel for Sale - 1P5055M

SOLD

Business Description

EXCLUSIVE TO CRE BROKERS. For sale as vacant possession, ready for your own personal touch.

. 51 rooms of varying configurations
. Prime CBD position
. Close to the New $250m Nth Qld sports stadium
. Huge upside for new owner
. Solid construction, ready to be renovated
. Past trading history in the vicinity of $1.6m
. $8m to $10m estimated replacement cost

Be quick to secure yourself the bargain of the century!

Business Summary

Marketing Agent

Tom Noonan

Alex Stagg

CRE Brokers

Key Investment Insights

AI generated. Confirm details with the seller.

1. Prime location in the CBD, with potential for high foot traffic and visibility.
2. Close proximity to the new $250 million North Queensland sports stadium, providing potential for increased business during major events.
3. 51 rooms of varying configurations, providing flexibility for different types of guests.
4. Huge potential for growth and increased revenue under new ownership.
5. Solid construction and ready for renovation, allowing for personal touch and updates to attract modern travelers.
6. Past trading history of approximately $1.6 million, indicating potential for strong financial performance.
7. Estimated replacement cost of $8 million to $10 million, indicating potential for a significant return on investment.
8. Vacant possession, allowing for immediate takeover and implementation of new business strategies.
9. Bargain price and opportunity for a savvy buyer to secure a highly profitable business.