Key Investment Insights
AI generated. Confirm details with the seller.
Key Insights:
1. The business for sale is a leased quality motel and apartments near billions in investment infrastructure, making it an exceptional investment opportunity.
2. The property was opened in 2013 and has been consistently operating at 95% occupancy since then.
3. The owners are proposing a leaseback at $470,400pa ex GST with annual CPI increases, providing a 8% net return.
4. The current business has a turnover of over $2,250,000 per annum.
5. The property consists of 20 motel rooms, 8 apartments, 6 staff rooms and an 80 seat restaurant.
6. There is a second property consisting of 8 dual key, 2 and 3 bed apartments providing 16 motel rooms.
7. The location is close to the airport and has a total of 44 bedrooms, a manager's apartment and 6 staff rooms.
8. There is a significant upside potential for long term growth and a strategic holding.
9. The lease includes a market review, but not less than CPI increase over the previous year.
10. A bond of 3 months rent is required, along with a Director's Guarantee.
11. The property is in a quality and well-maintained condition, with significant depreciation allowances.
12. The area has a significant number of projects and a high demand for accommodation, including the largest concentration of existing and approved gas wells in Australia.
13. The region is also home to the biggest gas compression plant and pipe heads, as well as a proposed 1,000-megawatt Solar farm and a significant coal mining lease.
14. The construction and operational phases of Gas, Coal and Solar projects account for over $200 billion in known and approved energy resources.
15. There is also a 220 km rail link project connecting to a port, which has recently been approved.
16. This is a genuine opportunity to secure a prime leased property investment with strong forward bookings and real profits.
