1974ML - Low Cost Motel Leasehold with Large Upside
- Low cost 3 star motel Leasehold.
- 22 mixed style rooms.
- Large conference room and commercial kitchen that could be better used.
- Genuine opportunity for a couple to purchase a motel lease, build a solid business and improve the bottom line.
- Comfortable two bedroom residence.
- Currently low occupancy that would be much improved with owner operators.
- Well presented, neat and tidy.
- Close to main Hospital.
Neat and tidy 3 star property with the largest onsite motel conference and meeting facility in town. Situated just 1km from the main Hospital. The property has been underperforming compared to other motels in town for the last few years but that creates an opportunity for a motivated couple to reap the rewards of a low purchase price.
There are 22 rooms ranging from budget singles to family suites. The budget rooms have not had upgrades, but the rest of the rooms have had new beds, painting and bathroom improvements over the past four years. The conference and meeting building can cater for over 120 people in three rooms. There is also a commercial kitchen that can cater for in-house guests, functions or be sub-leased if desired. This facility offers considerable scope for growth.
The motel offers its guests an inground swimming pool, children’s play area, Wi-Fi and plenty of parking for vehicles of all sizes. The residence has two bedrooms, its own kitchen and a secure yard – so bring the family pet.
If you are looking to put your stamp on a property and willing to roll your sleeves up and put in the hard yards, then this is the property for you.
Low cost entry, plenty of potential to improve the bottom line, come and take a look.
Net Profit: 64,510 for 2016/17
Contact Mark Tuck from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1974ML (quote when enquiring)
Location: Located 264 km north of Brisbane on the Mary River, Maryborough is a city with an economy based on servicing the surrounding sugar, grazing and timber industries and catering for the hundreds of thousands of tourists who pass through the area each year. Maryborough is a complete visitor experience like no other. Glorious Colonial Architecture, outstanding museums, riverside dining, a first-class theatre and magnificent parklands - Maryborough is a must-see attraction on the Fraser Coast, Queensland.
Property Code: 3051
Motel InformationRestaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -