Townsville City, Queensland
Well-Maintained And Easily Managed 25 Room Motel With Upside - 2029ML
UNDER CONTRACT
Business Description
- Penthouse style three-bedroom apartment.
- New Plant and Equipment (Beds, New Air conditioners, Washing Machines, TV's, New $43,000 Security Camera, 2 x 17 Kilowatt Solar systems).
- Ideal Husband and Wife Team.
- Potential to increase Profitability.
- 21 years remaining on Lease.
- Low Rental.
- Close to Hospital, major sporting complex and University.
- High level of repeat guests.
- Onsite parking, swimming pool, outdoor guest facility.
- Superb range of different room configurations close to major sporting stadium and airport.
- Self-contained Manger’s residence.
Net Profit: $186,226 for 2023/24 (as provided by vendor)
Contact Tourism Brokers for further information or to arrange an inspection.
Property ID: 2029ML (quote when enquiring)
Property Code: 5166
Business Summary
Key Investment Insights
1. Newly updated and modernized facilities including new plant and equipment.
2. Ideal for a husband and wife team to manage.
3. Potential for increased profitability.
4. Long lease of 21 years remaining.
5. Low rental costs.
6. Convenient location near hospital, major sporting complex, and university.
7. High level of repeat guests.
8. Onsite parking and amenities such as a swimming pool and outdoor guest facility.
9. Variety of room configurations to cater to different needs.
10. Includes a self-contained manager's residence.
11. Strong projected net profit of $186,226 for 2023/24.
12. Listed with Tourism Brokers for further information and inspections.
