Outstanding Country Motel Over 35% Return
This very popular motel occupies a prominent position in the main street of a very busy country town.
Comprising
25 units
Under cover parking
Residence
No Restaurant
This motel is very clean, neat and well presented and 15 of the units and the residence are only 3 years old.
The motel has a very high rate of return business and an occupancy rate of 75% ,
Average turnover for the last 2 years $750,000. Average nett profit last 2 years $280,000
Current 6 month turnover July to December 2020 $540,000 with a 6 month nett profit of $240,000. Expected 2021 Nett PROFIT $360,000 or 45% Return
There are 29 years remaining the lease
The motel is a 3 minute walk to hotels, restaurants, café and the business centre of town.
An outstanding motel with a very long lease showing exceptional returns.
For further particulars on this motel phone Bill Lee 0418 777 727
| State | QLD |
|---|---|
| Price | Expected 2021 Nett PROFIT $360,000 or 45% Return |
| Property Type | Commercial |
| Property ID | 335 |
| Category | Hotel/Leisure |
| Office Area | 1m2 |
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