Exclusive Coastal Motel With Huge Opportunities - 2779ml

An offer to purchase the Leasehold interest of this immaculate 4-star concern is available after 15 years of good trading under the existing owners.

- Solid reliable business with huge upside.

- Diverse local economy with strong ties to agriculture, tourism and a large health network.Conveniently located close to local attractions and transport.

This is an ideal opportunity for an astute experienced motelier to add an exceptional property to their portfolio.

The highly acclaimed motel presents well with high exposure located within close proximity of major shopping complexes and the CBD.

Set within tropical gardens, surrounding a palm fringed central courtyard and resort pool area, the complex features an extensive variety of accommodation options.

The complex comprises of 41 well-furnished, low level units, secure onsite parking, bitumen driveways, landscaped gardens, licensed restaurant and comfortable manager’s accommodation. The property also offers a central courtyard, ideal for relaxing with friends.

The complex is currently underperforming based on historic figures and regional statistics.

Genuine reasons for sale due to unforeseen circumstances have presented this opportunity, and the current landlord is open to extending the lease on Commercial terms for an experienced operator.

Financials and lease terms are available strictly to experienced or proven hospitality related purchasers. Serious offers from either a motel consortium or experienced moteliers are invited.

Net Profit: $334,045 for 2022/23 (as provided by vendor)

Contact Laurence Crowley from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2779ML (quote when enquiring)

Property Code: 4762