MOTEL FOR SALE - NORTH QUEENSLAND - AFFORDABLE FREEHOLD

$890,000

Description: Well presented 10 room freehold motel perfect for a couple wanting to get into the motel industry. Great community, beautiful beaches, great lifestyle!

Construction: Concrete block construction with corrugated metal roof. Older style building - well maintained. 10 rooms - spotless presentation. Variation of room configurations

Turnover: 2022/23 $233,522; 21/22 $204,513; 20/21 $182,177

Profit: 2022/23 $122,838; 21/22 $109,384; 20/21 $110,016

Star Standard: 3 Star

Occupancy: 70%

Age: Built 1972

Residence: Three bedrooms (all with built-in wardrobes), own kitchen, garage plus large 2 bay shed. Well laid out and comfortable.

Land Area: Approx. 2,000m2 on 2 Titles

Tariffs: Queen Room $105; Twin Room $115; Family Unit A $140; Family Unit B $160

Motel Laundry: No - all linen hired

Guest Laundry: Yes Commercial - 2 washers and 2 dryers

Services: Split system air-conditioning; all units have tea and coffee making facilities, toaster and microwave oven; salt water pool; barbecue; wifi; undercover parking.

Comment: Short 2 minute stroll to town. Room for expansion at rear of property. Current owners wish to retire. Has all the amenities. Great community. Act Now!

MQ Property ID
1P2744