Returning A 50% Roi - Id 2145ml
Business Sold Nanango, Queensland 4615
Business Category Motel
SOLD
Description
Returning A 50% Roi - Id 2145ml
- 20% price reduction at $250,000 Firm.
- Providing a 50% return on investment.
- Net Profit after Rent circa $125,000.
- High occupancy rates year on year, with potential to increase room rates and income.
- 16-unit motel with various room configurations.
- 22 years remain on the lease from May 2022.
- Strong repeat corporate business.
- Brick/block construction with undercover parking.
- Owner wants it sold and has met the market on price!
Very easy to run motel. All cleaning is done by one casual cleaner, so wages are kept to a minimum.
The majority of trade is repeat business from long established companies and Tradies that service the nearby power station and adjacent coal mine. The coal mine recently sold for $150 million dollars which secures the mine and power station’s long-term future.
Nanango boasts excellent schools both public and private, eateries and the charming feel of a genuine country town just two hours to the Sunshine Coast.
The owner's accommodation comprises of three bedrooms, air conditioning, all with built-ins, large living area with air conditioner and wood fireplace.
Net Profit: $128,024 for 2020/21
Contact Richard O’Connell from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2145ML (quote when enquiring)
Property Code: 3896
- Providing a 50% return on investment.
- Net Profit after Rent circa $125,000.
- High occupancy rates year on year, with potential to increase room rates and income.
- 16-unit motel with various room configurations.
- 22 years remain on the lease from May 2022.
- Strong repeat corporate business.
- Brick/block construction with undercover parking.
- Owner wants it sold and has met the market on price!
Very easy to run motel. All cleaning is done by one casual cleaner, so wages are kept to a minimum.
The majority of trade is repeat business from long established companies and Tradies that service the nearby power station and adjacent coal mine. The coal mine recently sold for $150 million dollars which secures the mine and power station’s long-term future.
Nanango boasts excellent schools both public and private, eateries and the charming feel of a genuine country town just two hours to the Sunshine Coast.
The owner's accommodation comprises of three bedrooms, air conditioning, all with built-ins, large living area with air conditioner and wood fireplace.
Net Profit: $128,024 for 2020/21
Contact Richard O’Connell from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2145ML (quote when enquiring)
Property Code: 3896
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This business is somewhat unique and has no similar competition in this region, category or price bracket.
