Stanthorpe, Queensland
1979ML - CASH DEAL WANTED - LEASEHOLD MOTEL
SOLD
Business Description
- 14 motel rooms, 14 cottages and a large share house.
- Good rent ratio available for incoming leasehold tenant.
- Property has been run successfully as a budget motel and backpackers.
- Two separate seasons - winter is tourism, spring/summer is fruit pickers/workers.
- Opportunity to develop other income streams for a clever operator.
- Onsite pool, games room, camp kitchen and volleyball court, business and guest laundries and undercover parking.
- Plenty of storage and room for large vehicles onsite.
- Basic four bed manager’s house.
- Attached office, commercial kitchen, reception, bar and common room.
This could be an amazing opportunity for a marketing savvy couple willing to put in some hard work and reap the benefits. The business had been a thriving budget accommodation provider but closed down last year for 4 months whilst a tidy up and makeover was done at the end of the last lease. Up and running again since November 2019, the property has done better than most motel businesses in regional Australia during the current climate.
This is a realistic opportunity to make money and create serious capital growth. Lease term is negotiable from 15-25 years. This property is being sold at a realistic price in todays’ market.
No time wasters please as we are serious about selling NOW!
TURNOVER: $514,206 for 10 months to Sept 2020 $587,911 for 2018/19
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1979ML (quote when enquiring)
Property Code: 3408
Business Summary
Key Investment Insights
1. Good rent ratio available for incoming leasehold tenant, making it a financially attractive opportunity.
2. Property has a successful track record as a budget motel and backpackers, indicating potential for continued success in the future.
3. Two separate seasons - winter for tourism and spring/summer for fruit pickers/workers, providing a diverse customer base.
4. Opportunity for a clever operator to develop other income streams, potentially increasing profits.
5. Onsite amenities such as a pool, games room, camp kitchen, and volleyball court, providing added value for guests.
6. Plenty of storage and room for large vehicles onsite, catering to a variety of travelers.
7. Basic four bed manager's house, providing accommodation for the owners.
8. Attached office, commercial kitchen, reception, bar, and common room, providing a complete business setup.
9. Realistic opportunity to make money and create serious capital growth, making it a potentially lucrative investment.
10. Negotiable lease term of 15-25 years, providing flexibility for the new owner.
11. Property has performed well during the current climate, indicating resilience and potential for future success.
12. Realistic price in today's market, making it an attractive opportunity for potential buyers.
13. Serious sellers looking for a quick sale, making it a time-sensitive opportunity.
14. Strong turnover of $514,206 for 10 months to Sept 2020 and $587,911 for 2018/19, indicating a profitable business.
