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

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Motels For Sale

You may also like

Strong Regional Performer – Established Leasehold Motel with Genuine Upside
Knight Frank Townsville
Strong Regional Performer – Established...

INGHAM

$895,000

Restaurant Facilities: -
Liquor Licence: -
Restaurant: -

BUSINESS FOR SALE: FAR NORTH ESCAPES - PREMIER ADVENTURE TOUR OPERATOR IN FAR NORTH QUEENSLAND – 2822CF
Tourism Brokers
BUSINESS FOR SALE: FAR NORTH ESCAPES -...

CAIRNS CITY

Offers Over $800,000 Seriously Considered

Restaurant Facilities: -
Liquor Licence: -
Restaurant: -

Complex Management / Caretaking Opportunity
Taree Freehold Motel with Genuine Growth Potential - 1284MF
OUTSTANDING $338K NETT INCOME WITH EXCEPTIONAL BODY CORPORATE SALARY
Townsville Customs House | A Landmark of North Queensland’s History
Don't Regret Missing Out On This One - 1585ML
Cambridge Champion FHGC
Mermaid Beach-Caretaking Only
The Gem on Brisbane City Fringe - ID 8862
Caretaking Only - No office hours - no real estate purchase or licence required | Resort Brokers ID : OTP009307
Low real estate buy-in required, 2.6 x multiplier, 38% ROI
Spicers Sangoma Retreat
Beachside Holiday Management Rights with Flexibility to Reside Offsite
High Net Profit $363,574, Low Multiplier 4.40 in Main Beach - ID 9237
Strong Regional Performer – Established Leasehold Motel with Genuine Upside
FOR SALE The Last Resort, Karamea FHGC
Stunning 3-Bedroom Freehold Villa with Unobstructed Golf Course Views
Exceptional Picton Motel Opportunity
FREEHOLD - Hara House, Bright VIC - 1P0613