Woolloongabba, Queensland
Manager/Investor Lessee - Own 30% share of Lease
SOLD
Business Description
UNUSUAL LEASEHOLD BUSINESS -OPPORTUNITY FOR A COUPLE TO PURCHASE A 30% SHARE IN THE HEART OF SOUTH BRISBANE.
37 Dual Key apartments
No meals
Self rates 4.5 star
27 Year lease
Capped rent
Pool and BBQ area
Security parking
Lift
Comfortable 1 Bedroom, 2 bathroom managers' residence located behind reception
One of the few motel businesses not affected by covid 19
2020 NET PROFIT: $189,181 (this includes a managers' wage of $100,000)
The buyer must be able to purchase the business with either cash or equity from their own assets. (no mortgage over the lease)
Genuine Enquiries only
Contact: Chris Fuller (Motel Broker)
Mobile: ----------
Business Summary
Motel Information
Total Rooms: 37Stars: 4.5Lease Term: 27 years
Key Investment Insights
1. Opportunity for a couple to purchase a 30% share in a leasehold business in the heart of South Brisbane.
2. 37 dual key apartments with no meals provided.
3. Self-rated 4.5 star property with a pool, BBQ area, and security parking.
4. Comfortable 1 bedroom, 2 bathroom managers' residence located behind reception.
5. One of the few motel businesses not affected by COVID-19.
6. 2020 net profit of $189,181, including a managers' wage of $100,000.
7. Buyer must be able to purchase the business with cash or equity from their own assets, without a mortgage over the lease.
8. Genuine enquiries only.
9. Contact information for the motel broker, Chris Fuller.
10. Motel has a total of 37 rooms and is self-rated 4.5 stars.
11. Lease term is 27 years.
