Motel Freehold over 20% nett return

This motel occupies a prime Highway position in the centre of town and has easy access and good visibility to passing traffic.

The motel services a busy farming, grazing and mining area. It garners its business from corporate, travellers, tradesmen, tourists, and workers in the area.

Comprising:

21 ground floor units
undercover parking
licenced restaurant
BBQ area

The motel has enjoyed a sound level of trade over the years and has an established clientele and a high rate of return business.

Average turnover for the past 3 years $340,000 average nett profit for the past 3 years $174,000 per annum.

The motel has a turnover of $409,000 and a nett profit of $252,000 for the 2019 financial year.

The motel has been well maintained, presents well, is in good condition throughout and affords a very sound inspection.

This motel represents sound value at only $45,000 per unit.

For further particulars contact Bill Lee

State QLD
Price Freehold Motel $950,000
Property Type commercial
Property ID 315
Category Hotel/Leisure
Office Area 1m2

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Bill Lee

0418777727
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