Over 17% nett return on purchase price.
This motel is of solid block construction and occupies a very prominent position on the main highway into a provincial city. The motel is situated in a commercial hub surrounded by restaurant, cafés, hotels, businesses and a large residential area.
Comprising
19 spacious units
Undercover parking,
Motel reception
Pool
3 bedroom residence
No Restaurant
The motel enjoys a very high occupancy with a year round average of 90% and a very high rate of return business.
The motel has an average turnover of $437,000 per annum for the last 3 years and an average nett profit of $248,500 per annum for the last 3 years.
The motel is well situated to capture a large share of travellers and tourists that pass through the city and and workers in the area.
This easy to run motel will show a return on investment of over 17%
For further particulars please phone Bill Lee 0418 777 727
| State | QLD |
|---|---|
| Price | Freehold Motel $1,450,000 |
| Property Type | Commercial |
| Property ID | 337 |
| Category | Hotel/Leisure |
| Office Area | 1m2 |
Quick Links
Agent Details
