Leasehold $3,300,000 - Ref ALG106

Property Description

One of Queensland's Premier Motel Facilities

Net Profit After Rent $1,000,000

* Large 57 unit motel complex includes spacious units of different configurations
* Beautifully presented licensed restaurant/function/conference room
* Trading over the last 3 years has been growing each year
* Large family size 4 bedroom onsite residence
* Inground swimming pool and covered BBQ area with lovely landscaped gardens
* Solid brick construction with excellent presentation
* Exposure to a large amount of traffic each day, walking distance to CBD
* Owners of over 12 years are ready to sell
* Quality fitout and well renowned for its quality bedding
* Long term lease in place
* Low rental ratio paid by the Lessee
* Strong performing motel for many years and is improving each year
* Can be operated under management as a passive investment
* Full financial statements available to genuine enquiries
* One of the best motels anywhere in Queensland

Property Summary

Motel Information

Total Rooms: 57Restaurant Facilities: YesLiquor Licence: YesRestaurant: YesLease: Leasehold

Marketing Agent

Marketing Agency


Andrew Morgan


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