Toowoomba City, Queensland
QUALITY MOTEL CHEAP CASH DEAL WANTED - 2751ML
SOLD
Business Description
- This is a quality 3.5 star motel with nothing to spend
- Lease expiring 30 April 3031 - 8 years left
- 18 well fitted rooms of varying configurations
- 5 bedroom residence - can be split into a 2 and 3 bedroom allowing for extra income
- Loads of storage, garaging, etc.
- Minimal grounds and gardens
- Realistic rent and easy to manage
Rarely does such a quality property come to market in this price bracket. The current long- term tenants have maintained the property to a good 3.5 star standard and there is nothing left to spend money on. This is an amazing opportunity to get into the market and save, save, save, for a few years knowing your initial outlay is minimal.
The rooms cater for couples or families and typical guests are workers, people coming to the adjacent hospital or travellers looking for a good, quiet nights rest.
The upstairs residence is house sized and includes five bedrooms. It can easily be used as a three bedroom residence and two bedroom apartment for guests, as the front and rear of the residence have separate entrances. The main home would then have three bedrooms, a full kitchen, small dining room, large lounge room and bathroom. The smaller apartment with two bedrooms, bathroom, lounge room and kitchenette. Again an opportunity to maximise your returns on your small investment. There is also good garaging and storage in a two storey garage that has to be seen to believe.
Located close to the main hospital in Toowoomba and Clifford Gardens Shopping Centre, the motel is strategically positioned to allow guests access to good facilities. Some rooms have a kitchenette which is ideal for longer term stays for family members visiting the hospital.
With 8 years left on the lease it means you don’t have to worry about an end plan just watch your bank account grow. Call me now as this opportunity will fly out the door!
Net Profit: $97,708 on 37% expenses for 2021/22
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2751ML (quote when enquiring)
Property Code: 4467
Business Summary
Key Investment Insights
1. Quality 3.5 star motel with nothing to spend
2. Long-term lease with 8 years remaining
3. 18 well-fitted rooms of varying configurations
4. 5 bedroom residence with potential for extra income
5. Ample storage, garaging, and minimal grounds and gardens
6. Realistic rent and easy to manage
7. Rare opportunity in this price bracket
8. Current tenants have maintained property to a good standard
9. Rooms cater to couples, families, and travelers
10. Strategic location near hospital and shopping center
11. Some rooms have kitchenettes for longer stays
12. 8 years left on lease allows for long-term investment
13. Net profit of $97,708 with low expenses
14. Contact Tony Johnson from Tourism Brokers for more information or to arrange an inspection
15. Property ID: 2751ML, Property Code: 4467
