Far North Queensland is booming and this 30 unit Motel, well located on the major motel circuit in Queensland’s third largest city, is enjoying consistent domestic traffic all during COVID.
This Motel presents an opportunity for new owners to reap the benefits of all the hard work put in by the existing owners and enjoying a further 22 years of the current lease.
Netting in excess of $235,000 and priced to sell at $599,000 this Motel represents an excellent return for a Husband-and-Wife team to earn in excess of 38% return on investment.
The Motel enjoys relatively high occupancy and room rates and presents in excellent condition.
- Strong and even growth for the last five years.
- Many major works and property improvements have been undertaken by the leasee.
- Enjoys a strong level of loyal and good repeat guests.
- All ground floor units with ample parking.
- Wide range of room styles to cater for both short term and long-term clientele.
- Long Standing and Loyal staff to assist with transition.
- Email Antonio for Property inspections which are by appointment only.
Net Profit: $234,829 for 2020/21
Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2324ML (quote when enquiring)
Property Code: 4104