2544MF - Freehold Opportunity with Great Potential
- Totally refurbished in 2016
- High Quality Room and Residence Fit Out
- Genuine Opportunity to build a business for the long term with this 4 star property
- Central Location
- Nothing to spend in coming years
- Current owners just cruising along
- Worth viewing
Central Studio Apartments is situated in the heart of the Gladstone CBD. With twelve superbly built and fitted out studios is has the potential to become a solid earner with the added attraction of capital growth as turnover grows.
There is nothing to spend, the premises were renovated to a very high standard during 2016. The rooms are just superb as well as the comfortable three bedroom residence.
The current owners have run the motel to suit themselves, closing at Easter and Christmas as well as most weekends. So herein lies the opportunity to put in the effort, open the doors and build up the business that will in return generate higher profits and as a result increase the capital value of the property.
It is really worth taking a look. Gladstone accommodation market is improving, and a number of projects are in the pipeline.
Net profit: $66,589 for 2017/18
Contact Mark Tuck from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2544MF (quote when enquiring)
Property Code: 2844
Motel InformationRestaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -