Accommodation and Tourism
QLD
Ref: 5100145

MOTEL LEASEHOLD FOR SALE - QLD - LOW RENT, ABOVE MARKET RETURN

Description: As new bed only motel business is growing strongly.  Very well presented and maintained.

Star Standard: 4 star

Lease:  New 30 Year Lease

Rent:  $85,000 Per Annum

Turnover:  2019 Calendar Year $432,030

Tariffs: Single $115-$135;  Double $115-$135;  Family (4) $140-$180;  Extra Person $30

Construction: 19 units. Single storey (residence 2nd level) - brick construction with brick partitions and iron roof.  As new condition throughout.

Interior: Medium to large with high quality fitout and all modern amenities.  One of the newest properties in the area.  Nothing to spend.

Clientele: Corporates, Trade Workers, Passing Trade, Tourists

Chain Affiliation: No

Occupancy: 50% Plus

Restaurant: No

Laundry: Commercial - Linen as new (2.5 changes) Linen hired except towels which are owned and laundered on site.

Services: Air conditioned, telephones, fully equipped kitchenettes, barbecue, parking at front of rooms, Fire Rated.

Residence: 2 bedrooms with built-ins, large private kitchen, lounge, dining, bathroom, private courtyard.  Comfortable and spacious residence adjoining reception - suit couple or small family - fans and air-conditioning.

Comment:  Growing strongly and will continue to grow under owner operator.  Property has been a fully managed business for the last two years.  Low rent and above market return.

MQ Property ID:
5100145


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Price: Leasehold $450,000
Manenti Quinlan & Associates
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Australian enquiry? Yes No

Broker : Ray Larkin
Phone: 02 9744... (click to show)
Mobile: 0407 220... (click to show)
Fax: 02 9745... (click to show)
Address:
Suite 101, Level 1, 74-76 Burwood Road
Burwood, NSW, 2134


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