Townsville City, Queensland
2644ML - EXCEPTIONAL OPPORTUNITY MONEY MAKER $$ VERY PROFITABLE REFURBISHED LARGE LEASEHOLD MOTEL NORTH QUEENSLAND
LEASEHOLD $984,000 + SAV
- New 30 year lease 10 + 10 + 10
- Opportunities like this are exceptionally rare, especially in Cities that have all the benefits to offer
- Fully Refurbished 35 Room Freehold Motel, currently 4+
- Very profitable with outstanding returns and the owners want it sold
- Huge upside with business booming and owners wanting to retire. New operators needed that are fresh to capitalise on the available demand and provide the co-ordination and management for the services.
- Minimal maintenance going forward for a new owner.
- Exceptionally Large and comfortable 4-bedroom 2 bathroom residence.
- Excellent reputation with very huge repeat business
- Easy to operate with everything in place.
- Suitable for a syndicate
- Owner operate, run under management or sell the leasehold and enjoy the returns.
- Large solar system installed (144 panel) with huge power saving benefits.
- All new quite split system air con units installed.
On offer is the eye catching and recently refurbished freehold motel in Townsville, North Queensland. The Motel has 35 well-appointed and recently refurbished rooms of mixed configurations. Thus, providing exceptionally welcoming, comfortable and affordable accommodation to guests.
The motel is presented in excellent order and is highly regarded with a huge percentage of repeat business that has been strong for many years.
Guests can enjoy the Restaurant and licensed Bar, the shaded swimming pool and spa, barbeque area, off street parking, guest laundry, pay television and free Wi-Fi. Ability to expand and grow as well as easily service external guests.
The restaurant, is also used as the conference room, licensed bar and kitchen with commercial appliances, providing everything a guest could require.
The Motel is conveniently located:
- 15 minutes from the airport, Townsville CBD and Townsville Hospital
- Walking distance of both small and major shopping centres.
- 10-minute drive from Townsville city centre
- 5-minute drive from Mater Hospital
- 8-minute walk from Townsville Golf Club.
- 12-minute drive of both Reef HQ Aquarium and the Museum of Tropical Queensland.
The large 4 bedroom, 2 bathroom residence provides a very comfortable and spacious living space with split system air conditioning.
An easy to operate, fully refurbished motel that is very profitable with everything in place for the next owner to maximise the opportunity.
Freehold option also available
Give us a call to organise an inspection.
Net Profit for 2020/21 $394,569 after rental
Contact Michael Philpott and Antonio Curullifrom Tourism Brokers for further information or to arrange an inspection.
Property ID: 2644ML (quote when enquiring)
Property Code: 3886