This motel comprises of 25 rooms, which 20 have been fully refurbished with materials available to a new buyer to refurbish the other five rooms.
Plenty of onsite parking, and motel includes nice barbeque area, pool, restaurant, bar and guest laundry. The restaurant has been closed during COVID, with breakfasts being delivered to guests in their rooms.
Located in the heart of motel central, it is highly sought after during the Cowboys games and V8 Supercars.
With 26 years left on the lease, and Rent being only $5,360 per motel room per year, this motel represents excellent buying to reopen the Bar and Restaurant and complete the balance of refurbishment.
Net Profit: $165,967 for 2020/21
Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2031ML (quote when enquiring)
Location: Rosslea/Townsville - Townsville is considered the capital of North Queensland, being the fourth largest city in the state and largest outside the metropolitan region, as it has many tourist attractions, wonderful shopping, magnificent restaurants and nightlife and a relaxed lifestyle. The Strand is the perfect place to unwind for any holiday to Townsville. The popular foreshore stretches for 2.5km and offers views across Cleveland Bay to Magnetic Island. Some of the best restaurants, pubs, bars and nightclubs are located on the Strand as if offers entertainment for any time of the day.
Property Code: 4093