2408ML - Leasehold Opportunity in Good Motel Town
- Well-known 32 room corporate motel.
- Excellent conference facilities.
- Good mix of clientele.
- 17 rooms have been fully refurbished including bathrooms.
- Occupancy and turnover improving.
- Good sized 3 bedroom, 2 bathroom residence.
- Would benefit from owner operators with plenty of upside.
- Currently unused restaurant.
This well-known corporate motel is prominently located on the southern entry to the city. Located on a corner site it has high visibility and easy access from the main southern approach into the Bundaberg CBD. This motel has a long been established and recognised in the town. Has a good mix of clientele with parking areas for coaches and transport vehicles alike.
Consisting of 32 large rooms, all with undercover parking, 60 seat licensed restaurant (currently used as a second conference room), 100 seat conference room, small meeting room (seats 12-14), and an inground pool (currently under repair). This motel offers a great opportunity for new owners to take it to the next level.
Over the last couple of years, 17 rooms have been fully refurbished including the bathrooms.
The lease has 16.5 years to run with occupancy rates improving, an unused restaurant and excellent conference room facilities, there is a lot of upside to improve trade and with it the bottom line.
The owner's residence is a generous three bedrooms with two bathrooms. Master bedroom with ensuite, open living, timber floors throughout and pleasant views from the living areas.
Net profit $138,692 for 2018/19
Contact Mark Tuck from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2408ML (quote when enquiring)
Location: Bundaberg is a progressive cosmopolitan city and part of a vibrant diverse region just four hours north of Brisbane. Situated at the southern tip of the Great Barrier Reef, and enjoying the world's most superb climate, Bundaberg is a provincial hub renowned for the friendliness of its residents, its limitless economic opportunities and a genuinely affordable cost of living.
Abundant potential exists for a new wave of investment opportunities, given the close proximity to South East Queensland, and the excellent water, transport and other infrastructure in place. Bundaberg welcomes tourists and residents wishing to raise a family or retire - vast opportunities await you.
Property Code: 3146
Motel InformationRestaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -