Townsville City, Queensland
Well-Maintained And Easily Managed 25 Room Motel With Upside - 2029ML
LEASEHOLD $825,000 neg
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 Laurence Crowley from 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 strong potential for profitability, with a projected net profit of $186,226 for 2023/24.
2. The property is well-maintained and has recently undergone upgrades, including new equipment and security systems.
3. The motel is easily managed and would be ideal for a husband and wife team.
4. There is a high level of repeat guests, indicating a satisfied customer base.
5. The property is located near a hospital, major sporting complex, and university, providing a steady flow of potential guests.
6. The lease has a long remaining term of 21 years.
7. The rental cost is low, providing a favorable financial situation for the business.
8. The property has a range of different room configurations, catering to a diverse group of guests.
9. Onsite amenities such as parking, a swimming pool, and outdoor facilities add value to the guest experience.
10. The manager's residence is self-contained, providing convenient on-site accommodation for the owners.
