Torquay, Queensland
OUTSTANDING BOUTIQUE FREEHOLD MOTEL, HERVEY BAY, NO 1 ON TRIP ADVISOR
SOLD
Business Description
Just announced, this property is in the top 1% of accommodation properties is AUSTRALIA!
We are pleased to offer the freehold going concern of this boutique Hervey Bay Colonial Lodge provides quality, modern, low cost, self-contained apartments situated in a tropical pool setting with BBQ just 100 metres from the Beach.
The Motel is located close to Restaurants, coffee shops and a local convenience store.
All units are fully self contained and the Motel caters to longer stays very well.
The current owners have had family occupying 2 units, so the income from them has been adjusted.
The current owners have completely renovated the property and it presents in immaculate condition.
Business Summary
Key Investment Insights
1. Highly rated property: The motel has been ranked as the top 1% of accommodation properties in Australia, making it a highly sought after investment opportunity.
2. Prime location: The motel is located just 100 metres from the beach and is close to restaurants, coffee shops, and a convenience store, making it an attractive destination for tourists.
3. Self-contained apartments: The motel offers self-contained apartments, providing guests with the convenience and comfort of a home away from home.
4. Strong occupancy rates: The motel caters to longer stays very well, resulting in strong occupancy rates and a steady stream of income for the owners.
5. Renovated property: The current owners have completely renovated the property, ensuring it is in immaculate condition and ready for new owners to take over.
6. Freehold going concern: The sale includes the freehold of the property, providing the new owners with a long-term investment opportunity.
7. Positive reviews: The motel has received positive reviews on Trip Advisor, further solidifying its reputation as a top accommodation choice in the area.
8. Potential for growth: With the property already performing well, there is potential for growth and increased revenue under new ownership.
9. Well-maintained facilities: The motel offers a tropical pool setting with BBQ facilities, providing guests with a relaxing and enjoyable stay.
10. Family-friendly: The motel has been family-owned and operated, making it a family-friendly business with a warm and welcoming atmosphere.
