Queensland

Leasehold $495,000 - Ref ALC97

Property Description

High Returning Leasehold Motel

* Nicely presented 16 unit motel facility
* Beautiful inground swimming pool and covered BBQ area with lovely landscaped gardens
* Excellent exposure to a very large amount of traffic each day, close to town centre
* Much potential for the next owner to continue to build the business further - trading over the last 18 months has been growing.
* Restaurant and bar (currently not operating due to major refurbishment being completed)
* Comfortable 2 bedroom onsite residence with large 2 car garage
* Solid brick construction under colorbond roof
* Long term lease with 23 years remaining
* Low rental ratio paid by Lessee
* Strong performing motel for many years
* Offers a high 40%+ return on investment
* Limited competition for the business and long history of strong trading
* Financial statement available to genuine enquiries upon request

Property Summary

Motel Information

Total Rooms: 16Restaurant Facilities: YesLiquor Licence: -Restaurant: YesLease: LeaseholdLease Term: 23 years

Marketing Agent


Marketing Agency

QTHB

Andrew Morgan
QTHB

Phone

Listing Tools

Property Map

Exact map location not provided

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