Townsville City, Queensland
Well-Maintained And Easily Managed 25 Room Motel With Upside - 2029ML
SOLD
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. The motel has a high level of repeat guests, indicating a strong customer base and potential for continued business success.
2. The property has been well-maintained and has new plant and equipment, providing a modern and comfortable experience for guests.
3. There is potential for increased profitability, making this a great opportunity for a motivated buyer.
4. The long lease and low rental provide stability and potential for long-term growth.
5. The location near a hospital, major sporting complex, and university offers a diverse range of potential guests.
6. The motel offers a range of different room configurations, catering to a variety of guest needs.
7. The onsite parking, swimming pool, and outdoor guest facility add value and amenities for guests.
8. The self-contained manager's residence provides convenience and flexibility for the owners.
9. The inclusion of a penthouse style three-bedroom apartment adds a unique and attractive feature to the property.
10. The property is close to a major sporting stadium and airport, making it a convenient choice for travelers.
