Tannum Sands, Queensland
SELF-CONTAINED BEACH SIDE MOTEL - 2056MF
SOLD
Business Description
Key property features:
- 20 well-appointed self-contained motel rooms with kitchen/lounge and separate bedroom.
- Short walk to the beach and shops.
- Great long term property investment. With opportunity to set as long-term self-contained permanent rental property.
- Large 3-bedroom residence, with large lounge and kitchen. Further conversion options to maximise space.
- Ample off-street parking for motel guests.
- Rapid growth area with strong investment and industry in nearby Gladstone.
- Opportunity for continuous business growth.
We are pleased to be offering the Freehold interest of this beachside Motel providing accommodation only, (no restaurant or meals provided) located in Tannum Sands with only a short stroll to the beach, local shops, etc.
The unit configurations and fit-out lends itself to longer term occupancy, where all rooms are currently rented on a weekly basis. 20 units are fully self-contained with kitchen/lounge and private bedroom. All have split air conditioners and provide independence and privacy.
There is an opportunity for the astute buyer to convert the property back to a nightly motel business and benefit from increased revenue in this beachside town. Alternately continue as an efficient long stay property which only requires a manager/caretaker 2-3 hours a day to operate. This motel presents a very strong 3 star standard throughout with very low ongoing maintenance.
There is a large pool complex with barbeque areas plus a spacious lawn/garden area in the owners’ residence.
With an estimated net return of $250,000 - $275,000 for 2023-24, this motel provides a great easy to run business and solid long-term investment.
Contact Richard O’Connell from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2056MF (quote when enquiring)
Property Code: 4937
Business Summary
Key Investment Insights
1. Prime location: The motel is located in a highly sought-after beachside location, making it a desirable destination for tourists and long-term guests.
2. Diverse room options: The motel offers a variety of room options, including self-contained units with kitchen and separate bedroom, providing flexibility for different types of guests.
3. Potential for long-term rental: The property has the potential to be converted into long-term self-contained permanent rental units, providing a steady stream of income for the owner.
4. Spacious owner's residence: The property also includes a large 3-bedroom residence with potential for further conversion, providing additional living space or rental income.
5. Ample parking: The motel has ample off-street parking for guests, making it convenient for those traveling by car.
6. Rapidly growing area: The surrounding area is experiencing rapid growth, with strong investment and industry in nearby Gladstone, providing potential for continuous business growth.
7. Opportunity for business growth: The motel has the potential to be converted back into a nightly motel business, allowing for increased revenue and growth opportunities.
8. Low maintenance: The property is well-maintained and requires minimal ongoing maintenance, making it an efficient and easy-to-run business.
9. Strong net return: With an estimated net return of $250,000 - $275,000 for 2023-24, the motel offers a strong return on investment for potential buyers.
10. Experienced broker: The sale of the motel is being handled by an experienced broker from Tourism Brokers, providing buyers with expert guidance and support throughout the purchasing process.
