Townsville City, Queensland
Townsville CBD Leasehold Opportunity
Four star, 47 Room, mainly corporate tenanted Motel located on Stanley Street in the Townsville CBD. Close to all facilities, cinema, major shops, government offices. Perfect opportunity with this established property to enter the industry with the leasehold purchase of this business. Top condition and well presented with 25 year lease. Currently run under Management. Great location with easy maintenance and long term lease. Good return on Investment. Excellent upside for profitability. Townsville accommodation enjoys real stability from the mining and military market segments and holiday/corporate letting enjoys stable occupancies. With the new Townsville Super Stadium across the Ross River, the Adani Mining Headquarters in the CBD, Townsville accommodation is booming.
Please contact Calvin for full property information.
Net Profit: $213,530
Motel InformationTotal Rooms: 47Liquor Licence: YesRestaurant: YesLease: LeaseholdLease Term: 25 years