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

Marketing Agent
Laurence Crowley
Laurence Crowley

Key Investment Insights

AI generated. Confirm details with the seller.

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.
Listing location

This Business is sold

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