Queensland

Leasehold $1,320,000 - Ref AFR119

Property Description

Substantial Leasehold Motel

Large 42 Unit Motel Complex

* Presentation is excellent
* 42 quality motel units with a mix of different unit types
* Onsite 3 bedroom residence with direct internal access to reception
* Solid block construction
* Corporate motel with licensed restaurant and bar
* Positioned in an excellent motel town with historically very strong demand for accommodation
* Operated under management for a number of years
* 22 years remaining on the lease
* Very low rental offered - only $5,714/unit site - very low rent to profit and income ratio
* Net Profit After Rent $382,440
* Financial statements available to genuine enquiries upon request
* Highly recommended

Price $1,320,000 + Stock

Property Summary

Motel Information

Total Rooms: 42Restaurant Facilities: YesLiquor Licence: YesRestaurant: YesLease: LeaseholdLease Term: 22 years

Marketing Agent


Marketing Agency

QTHB

Andrew Morgan
QTHB

Phone

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