Further $75,000 Reduction, Owner Says Sell! - 1922ml
Business Sold Gin Gin, Queensland 4671
Business Category Motel
SOLD
Description
Further $75,000 Reduction, Owner Says Sell! - 1922ml
- Attractive 38.8% ROI
- Quality 3.5 star 15 unit motel.
- Large well-appointed rooms.
- Many refurbishments, little to spend going forward.
- Long-time consistent performer.
- Separate 2 to 3 bedroom residence.
- Good forward bookings with government workers.
- Excellent returns.
- Great Leasehold business.
On offer is 15 unit leasehold motel located in the heart of Gin Gin. The units are all well-appointed, spacious and of a very high 3.5 star standard, with a good mix of room types to suit all guest’s requirements. The current owners have upgraded a large proportion of the motel in their 13 years of ownership and now feel it is time to sell and move onto the next project.
The residence comprises two to three bedrooms on the first floor with a large country kitchen and open living area on the ground floor, a small enclosed courtyard is ideal for children or pets. There is a large three car lock up storage plus additional storage room.
The lease has 16 years to run from November 2023 with a strong profit return for the new owners.
New owners may wish to provide meals which is something the current owners do not provide; the kitchen is large and is fitted out with commercial appliances.
Your inspection of this excellent and consistent trading motel is strongly recommended as you will not be disappointed as the presentation is as good as you will find in a 3.5 star motel.
Net Profit $164,950 for 2022/23
Contact Richard O'Connell from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1922ML (quote when enquiring)
Location: Located in Central Queensland only 4 hours north of Brisbane, Gin Gin is well positioned for business and tourist activities. The town provides direct access to Bundaberg from the Bruce Highway. Business owners are attracted to the region for its beauty and lifestyle offering convenience combined with the freedom of country living. Gin Gin, like Bundaberg, is heavily dependent on the industry, with plantations dotted throughout the area. Cattle production also features prominently. In recent years small cropping has taken off across farms in the district.
Property Code: 4362
- Quality 3.5 star 15 unit motel.
- Large well-appointed rooms.
- Many refurbishments, little to spend going forward.
- Long-time consistent performer.
- Separate 2 to 3 bedroom residence.
- Good forward bookings with government workers.
- Excellent returns.
- Great Leasehold business.
On offer is 15 unit leasehold motel located in the heart of Gin Gin. The units are all well-appointed, spacious and of a very high 3.5 star standard, with a good mix of room types to suit all guest’s requirements. The current owners have upgraded a large proportion of the motel in their 13 years of ownership and now feel it is time to sell and move onto the next project.
The residence comprises two to three bedrooms on the first floor with a large country kitchen and open living area on the ground floor, a small enclosed courtyard is ideal for children or pets. There is a large three car lock up storage plus additional storage room.
The lease has 16 years to run from November 2023 with a strong profit return for the new owners.
New owners may wish to provide meals which is something the current owners do not provide; the kitchen is large and is fitted out with commercial appliances.
Your inspection of this excellent and consistent trading motel is strongly recommended as you will not be disappointed as the presentation is as good as you will find in a 3.5 star motel.
Net Profit $164,950 for 2022/23
Contact Richard O'Connell from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1922ML (quote when enquiring)
Location: Located in Central Queensland only 4 hours north of Brisbane, Gin Gin is well positioned for business and tourist activities. The town provides direct access to Bundaberg from the Bruce Highway. Business owners are attracted to the region for its beauty and lifestyle offering convenience combined with the freedom of country living. Gin Gin, like Bundaberg, is heavily dependent on the industry, with plantations dotted throughout the area. Cattle production also features prominently. In recent years small cropping has taken off across farms in the district.
Property Code: 4362
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This business is somewhat unique and has no similar competition in this region, category or price bracket.
