Hervey Bay, Queensland

Leasehold $499,000

Property Description

UNDER OFFER - Beachfront Motel, 35 Year Lease, 30% ROI – Be Quick!! - 1P4138M

An extremely well presented and maintained motel. All the work has been done for the new owner/owners to take advantage of - there has been plenty of refurbishment work over recent years.

The current owners run this motel themselves without the need for additional staff. A single person or semi-retired couple could employ a casual cleaner and still maintain a very healthy return, and lifestyle.

The location of this motel is superb, being directly across the road from the magical Hervey Bay. This motel is also conveniently located close to many eateries and other services.

The present owners are reluctantly selling due to one having significant health issues.

With a 35 year lease and 32 years remaining, showing a 30% Return on Investment, this motel is priced to sell quickly.

$153,725 Net Profit for 2017/18 financial year

Property Summary

Motel Information

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

Other Features / Notes

A:LEASEHOLD, B:MOTEL, C:QLD - Fraser Coast

Marketing Agent


Marketing Agency

CRE Brokers

Mike Duffy
CRE Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Hervey Bay, Queensland 4655 Exact map location not provided

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