Toowoomba City, Queensland

REDUCED LEASEHOLD $420,000

Property Description

2237ML - GREAT VALUE LEASEHOLD MOTEL WITH 43% ROI

- Excellent value with a 43% ROI.

- Rent to be fixed for up to 5 years.

- Genuine value Leasehold in very good motel town.

- Brand new 30 year lease at settlement.

- Consistent trading motel.

- 17 mixed 1, 2 and 3 bedroom units.

- Large 3,700 sqm site.

- Spacious 2 bedroom residence.

On offer is the Leasehold going concern of a 17 mixed 1, 2 and 3 bedroom unit motel situated on a 3,700 sqm site and located in the strong regional city of Toowoomba. Located on the western side of town, directly opposite the Clifford Park Racecourse, close to the Showgrounds and just minutes to the CBD, University, major hospitals and Clifford Gardens Shopping Centre.

The mixed room configuration allows the motel to cater for any accommodation outcome. Worth noting that a high percentage of bookings are longer term.

This Motel has a consistent history of trade and provides excellent returns for the owners and would be easily run by a couple or under management very successfully.

The two bedroom residence offer a spacious and comfortable retreat for owner operators or managers when required.

Guests have access to, large centralised swimming pool, barbeque area, full size tennis court, off street parking and free Wi-Fi.

Excellent value leasehold in this town, great trading motel, call for an inspection.

Net profit $180,807 for 2018/19

Contact Mark Tuck from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2237ML (quote when enquiring)

Property Code: 3539

Property Summary

Motel Information

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

Marketing Agent


Marketing Agency

Tourism Brokers

Mark Tuck
Tourism Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Toowoomba City, Queensland 4350 Exact map location not provided

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