Surfers Paradise, Queensland
Leasehold Motel or Freehold Going Concern
SOLD
Business Description
This Gold Coast property and business offer an excellent opportunity for the astute investor and/or operator.
Net Profit, circa $133,000
Located within close proximity to the beach this well established business has 14 one bedroom ensuited rooms in addition to a 3 bedroom managers residence.
Consideration will be given to suitable applicants for the sale of Leasehold business only (E.O.I. accepted).
Land Size 1,305 sqm
Significant scope for increase in both net income and capital gain on freehold property given the superb positioning of this offering.
Business Summary
Business Snapshot
Price: SOLD
Net Profit: $133,000
Managers Unit
Bedrooms: 3Bathrooms: 2Office: On TitlePets OK: NoComplex Information
Complex Type: n/a
Motel Information
Total Rooms: 14Stars: 3Liquor Licence: NoRestaurant: NoSale Type: FreeholdLease Term: 30 years
Key Investment Insights
1. The property and business offer an excellent opportunity for an investor or operator.
2. The net profit is approximately $133,000.
3. The property is located close to the beach.
4. The business has 14 one bedroom ensuited rooms and a 3 bedroom managers residence.
5. The sale of the leasehold business only is also an option.
6. The land size is 1,305 sqm.
7. There is potential for an increase in both net income and capital gain on the freehold property.
8. The property is well positioned.
9. The sale price is not disclosed.
10. The managers unit has 3 bedrooms, 2 bathrooms, and an office on title.
11. Pets are not allowed.
12. The complex type is not specified.
13. The motel has 14 rooms and is rated 3 stars.
14. The property does not have a liquor license.
15. There is no restaurant on site.
16. The sale type is freehold.
17. The lease term is 30 years.
