Weipa, Queensland

2639ML - TOP END TROPICAL RESORT LEASEHOLD

LEASEHOLD $825,000 + SAV

Property Description

- A 30-room tropical oasis located in the town of Weipa. Situated right in the centre of town and offering 19 double and 11 twin shares.

- Average Revenue exceeding $1m plus over the past three years.

- Net operating profit of $340k over the past 3 years with normal trade achieving $420K.

- Secure repeat government department corporate clientele, plus many private corporates including RIO, Boral and Coates to name a few.

- Huge Coach Tour company trade with forward booking back with gusto: Heritage, Casey and Discovery Tours. Single level property a valuable tour industry revenue attraction.

- Manageable and renowned Heritage Bar and Bistro of circa 50 seats servicing guests and local corporate tourist trade.

- Significant internal and external repair and maintenance program commissioned over the past 36 months, referenced in the additional data available.

- Currently fully operated under a management structure with the possibility to continue or positioned perfectly for a husband and wife or family dynamic.

30 room resort style Leasehold property and renowned restaurant showing 50% plus return on investment in the normal trading year of 2018/19. A unique secure tropical lifestyle opportunity with operational commercial upside.

Perfect timing and opportunity in now to take advantage of the inevitable domestic tourism spike next year. All major capital expenditure has been invested inside and out. Getting in and reward yourself commercially purely from operating astutely.

Net Profit: $339,312 (average over the past 3 years)

Contact Antonio Curulli and James Carrick from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2639ML (quote when enquiring)

Property Code: 3638

Property Summary

Motel Information

Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -
Marketing Agent
Antonio Curulli
Antonio Curulli

James Carrick
James Carrick

Tourism Brokers
Tourism Brokers

Tourism Brokers

Listing location
Gallery

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