Spring Hill, Queensland

Under Contract / Offer

Property Description

High Nett Upside Hotel/Motel in Fantastic Condition | Resort Brokers ID : LH005636

Resort Brokers have pleasure in offering for sale the leasehold interest of Motel on Gregory an extremely attractive boutique apartment style accommodation complex ideally situated in popular Gregory Terrace on the fringe of Brisbane CBD. The 12 months (to end Nov) profit and loss figures reflect a net profit of $240k, and any savvy operator will realise the enormous upside this hotel style complex could achieve. Motel on Gregory has a long lease, one of the fairest leases in the market, a hugely desirable location and solid financials in place. The owners are looking to retire and move back to the Sunshine Coast.

  • Reception area and caretakers office (storage)

  • Commercial kitchen (not currently utilised)

  • Air-conditioning systems and fans in all rooms

  • Guest laundry facilities

  • Breakfast dining room

  • 3 function rooms plus enclosed veranda

  • Undercover parking

  • Located within walking distance of restaurants and entertainment precinct

  • Property inspections are by appointment only

Date updated: 06 Dec 2019 23:00:06

Property Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $199,591

Motel Information

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

Marketing Agent

Marketing Agency


Nathan Eades


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Spring Hill, Queensland 4000 Exact map location not provided

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