Bowen, Queensland

Leasehold $250,000

Property Description

1949ML - New Lease, Great Lifestyle, Great Opportunity

- 12 recently renovated and spacious, beautifully presented rooms. All the rooms were refurbished in 2016-17 with modern decor, queen size beds, ensuite bathrooms

- Motel completely rewired in 2017

- Situated at the top of Whitsundays, halfway between Rockhampton and Cairns

- Landscaped gardens and lawns

- Salt-water swimming pool with spa, barbeque facilities, outdoor entertaining area

- High return and growing business

- Fantastic and rare beginners' motel or a couple wanting a comfortable lifestyle with an income

- Opportunity for further growth since completing renovations

- Owners happy to assist and provide some training with transition

- Modern living accommodation with large deck

- Excellent profile from Highway presence

- Large block 8,099 sqm

- Ample and easy parking access, ample room for a number of trucks, vans, boat trailers, etc

- Relaxed lifestyle

This 12 room motel is beautifully presented and has recently been refurbished, completely rewired and the rooms and front repainted. The fitout is modern, and the repeat business is on the increase. The home that compliments the property for the owners (you) is a modern two-bedroom free-standing house with its own balcony and private outside area to enjoy.

The financials presented will show an income for the 2017/18 period, but please note the property was closed for the renovations and repositioning. Accordingly, conservative expectations are that the motel will turnover $250,000 for 2018/2019. The new lease asking price and the rent are based on this figure. July and August 2018 sales give a glimpse of the future here. There is real opportunity here, with increasing occupancy, increasing turnover and nothing to spend.

Boasting over two acres of landscaped gardens, there is ample scope to increase this business and cash in on the massive growth in the region with the major expansion of the coal export facility, natural gas pipeline, and new mining developments.

The area has a strong future. Fantastic as a starter of for semi-retirement as an income.

Net Profit: $71,849 (not 12 months trading) Expected $102,000 for 2018/19

Contact Mark Tuck from Tourism Brokers for further information or to arrange an inspection.

Property ID: 1949ML (quote when enquiring)

Property Code: 2890

Property Summary

Motel Information

Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -

Marketing Agent


Marketing Agency

Tourism Brokers

Mark Tuck
Tourism Brokers

Phone

Listing Tools

This listing last updated: 28th September 2018

Property Map

Map Location ( get directions )

Bowen, Queensland 4805 Exact map location not provided

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