2144ML - Affordable Starter Motel, TLC required but Opportunity Awaits
- Affordable starter motel.
- Located in very strong country motel town.
- 21 units, comprising 13 motel rooms and 8 freestanding cabins.
- Large 1.5 acre site.
- 3 bedroom residence.
- Run by owner operators with support from one casual.
- Highway frontage - first motel on north side of town.
- Opportunity to upgrade and improve the motel.
- Call for an inspection.
On offer is the Leasehold interest of a 21 unit motel that does require some tender loving care but has the makings of a genuine opportunity for a motivated starter couple located in a strong motel country town at an affordable price.
The motel has good highway exposure being the first motel into town on the north side. Situated on a Large 1.5 acre site with pool, barbeque and adjoining billabong.
There is a comfortable three bedroom owner's residence with kitchen, laundry and double lock-up garage.
The property consists of 13 original motel units built in 1978 and are of 3 star standard plus eight modern cabins constructed in 2007 and these are of 3.5 star standard and in good order.
With room upgrades tariff increases would be feasible and could provide further opportunity to improve the bottom line.
Kingaroy itself is the largest town in the South Burnett and the region's commercial centre, offering all the services generally expected in much larger centres, with its own shopping mall that includes Woolworths, Big W.
Net Profit: $96,577 for 2018/19
Contact Mark Tuck from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2144ML (quote when enquiring)
Property Code: 3377
Motel InformationRestaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -