Tin Can Bay, Queensland
Beach Location, Motel and Development Land Holding - 2111MF
FREEHOLD $3,550,000
Business Description
- Well presented 12 unit motel, all with kitchenettes.
- Great coastal location in the Tin Can Bay village on the QLD Coast.
- Located on fully landscaped 3,902 m2 block with development potential (STCA).
- Beautiful inground pool and barbeque facilities.
- Ideal for a couple young or old, very easy to operate.
- Land bank for the future or develop now, with potential for an additional 10-20 motel rooms or 10-15 Caravan/glamping sites (STCA).
- Large 3 bedroom home over two levels.
Adjusted Net Profit: $300,000 estimated for 2024/25
Contact Richard O’Connell from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2111MF (quote when enquiring)
Property Code: 4992
Business Summary
Key Investment Insights
1. Well presented 12 unit motel, all units with kitchenettes, offering self-contained accommodation product.
2. Prime coastal location in Tin Can Bay village on the Queensland coast, strong tourism appeal.
3. Large 3,902 m2 fully landscaped site, providing immediate amenity and privacy.
4. Significant development potential subject to council approval, offering flexibility to land bank or redevelop.
5. Stated potential to add an estimated 10 to 20 motel rooms, or 10 to 15 caravan or glamping sites, subject to STA.
6. Onsite leisure features include a beautiful inground pool and barbeque facilities, enhancing guest experience and ADR potential.
7. Includes a large three bedroom home over two levels, useful as manager accommodation or additional rental income.
8. Described as very easy to operate, suitable for a couple, indicating low operational complexity and staffing requirements.
9. Adjusted net profit estimated at $300,000 for 2024/25, signalling healthy current cashflow.
10. Combination of operating income and substantial landholding creates both cashflow and capital growth opportunities for investors.
