Woolloongabba, Queensland

Leasehold -Manager/Lessee - $659,000

Property Description

Manager/Investor Lessee - Own 30% share of Lease

UNUSUAL LEASEHOLD BUSINESS -OPPORTUNITY FOR A COUPLE TO PURCHASE A 30% SHARE IN THE HEART OF SOUTH BRISBANE.

37 Dual Key apartments
No meals
Self rates 4.5 star
27 Year lease
Capped rent
Pool and BBQ area
Security parking
Lift
Comfortable 1 Bedroom, 2 bathroom managers' residence located behind reception
One of the few motel businesses not affected by covid 19
2020 NET PROFIT: $189,181 (this includes a managers' wage of $100,000)

The buyer must be able to purchase the business with either cash or equity from their own assets. (no mortgage over the lease)

Genuine Enquiries only
Contact: Chris Fuller (Motel Broker)
Mobile: ----------

Property Summary

Motel Information

Total Rooms: 37Stars: 4.5Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -Lease Term: 27 years

Marketing Agent


Marketing Agency

Jim McDonald Brokers

Jim McDonald Brokers

Jim McDonald Brokers

Christine Fuller
Jim McDonald Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Woolloongabba, Queensland 4102 Exact map location not provided

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