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


Queensland Tourism & Hospitality Brokers (QTHB) has compiled this information from sources we believe to be reliable, however QTHB does not give any warranty as to the accuracy, error or omission of information, if any. Interested parties should rely on their own enquiries.

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

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Property Map

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