Rockhampton City, Queensland

Leasehold $549,000

Property Description

2393BML - 30 Year Lease on 31 Unit Motel Rockhampton

  • Freehold owner has agreed to extend lease to 30 years from March 2018.
  • 31 unit motel with licensed restaurant on 9,400m2 level site.
  • Great first starter or for a couple who just want cashflow.
  • Tunover for the last 6 months up $60K on the prior year (ex GST).
  • 32% return based up 2015/16 financials.
  • Fantastic upside for owner operator couple.
  • Considerable upgrade and enhancement works recently completed.
  • The ability to add some true value in a quality home plus motel $$$.
  • Built in stages from 1988 through to 2003 with self-rated 3.5 rating, modern and well presented.
  • In-ground pool, covered barbeque areas, ample off street parking.
  • Open and comfortable two to three bedroom owner's residence with yard.
  • Strong trading figures, detailed history available.
  • High visibility Bruce Highway location.

Net profit $162,476 for 2017 calendar year

Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2393BML (quote when enquiring)

Location: Rockhampton, affectionately known as 'The Beef Capital of Australia', is steeped in cultural heritage and strikes a charming balance between a laidback country town and a modern city lifestyle. This thriving city is the business hub of the Capricorn Region and is both a gateway to the Queensland outback and within a stone's throw of some of Australia's most unspoilt beaches.

Situated on the banks of the mighty Fitzroy River, Rockhampton is renowned for its elegant streetscapes with majestic sandstone buildings and the iconic life-sized bull statues scattered around town that represent the country roots of the city and its status as the 'Beef Capital of Australia'.

With a population of over 60,000, Rockhampton is the best of both city and country, offering authentic and easy going country hospitality as well as city-standard shopping, dining and a wide range of entertainment options. Approximately one million tourists visit Rockhampton and district per year. The region offers a diverse range of attractions rich in culture, heritage and adventure.

Property Code: 2572

Property Summary

Motel Information

Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -

Marketing Agent

Michael Philpott
  • Michael Philpott

  • 0433 137 927
  • 1300 512 566
  • send email

Marketing Agency

Tourism Brokers

Tourism Brokers

Tourism Brokers

Michael Philpott
Tourism Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Rockhampton City, Queensland 4700 Exact map location not provided

Similar Properties

Perfect life Style Management Rights Caretaking only
New
Exclusive

BEENLEIGH
Perfect life Style Management Rights...

$499K Caretaking Only
Net Income: $66,000
Managers Estate: $320,000 - Bed - Bath
Letting Pool: -
Remuneration: $74,112

Joy Realty

RUNCORN
An Home With An Income!

$488,000
Net Income: $42,562
Managers Estate: - 3 Bed - Bath
Letting Pool: -
Remuneration:

RAAS Group

SURFERS PARADISE
Wonderful Opportunity in Surfers Paradise -...

Offers Over $600,000
Net Income: $112,000
Managers Estate: - - Bed - Bath
Letting Pool: 19
Remuneration:

RAAS Group

WOODRIDGE
Great Starter Complex

$600,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

RAAS Group
Management Rights For Sale at Carrara
New
Exclusive

CARRARA
Management Rights For Sale at Carrara

$620,000
Net Income: $33,538
Managers Estate: $430,000 - Bed - Bath
Letting Pool: 4
Remuneration: $33,528

Joy Realty

MERMAID BEACH
Caretaking in Mermaid Beach!!

$505,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Gavern Property - Management Rights