Toowoomba City, Queensland
2618ML - Easy to Run Small Motel in Prime Location
REDUCED LEASEHOLD $320,000
- Prime Margaret Street Location, directly opposite the Grammar School.
- 13 units of mixed configuration.
- Easily run by a single or couple.
- Long lease term.
- Consistent performer with good mix of clients.
- Potential to increase the bottom line.
On offer is the Leasehold interest of this 13 Room 3.5 star, motel in the prime location on Margaret Street, Toowoomba and directly opposite the renowned and highly regarded Toowoomba Grammar school.
The motel has a strong business model and has been a consistent performer for many years and boasts regular and a strong clientele base with numerous long-term clients. There is opportunity here for new owner operators to generate very good returns whilst enjoying the lifestyle that this excellent motel town provides.
The two bedroom, bathroom and dual living area residence is comfortable and offers options for a single, couple or small family.
The 13 rooms are well presented and well appointed, providing a low maintenance scenario for a new owner. Guests enjoy access to the covered saltwater pool, barbeque, high speed Wi-Fi and room service meals.
The location of the motel is close to; St Vincent's Hospital, a range of medical centres and clinics, Queens Park, the CBD, TAFE College, Empire Theatre, Encores Restaurant, Cobb & Co Museum, Fairholme College and Prep and the Toosari Art Gallery.
Toowoomba is a major regional town with a growing population of approximately 150,000. The town has high quality private and public schools, major shopping centres and everything else one would expect, and more from a large regional town.
Medically the town boasts excellent hospitals, and the new Wellcamp international ready airport that currently fly’s to Sydney, Melbourne and Townsville is growing rapidly.
Give me a call this motel is worth an inspection.
Net Profit $108,301 for 2018/19 and $61,389 for 2019/20 (vendor supplied)
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2618ML (quote when enquiring)
Property Code: 3427