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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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Agent Details

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Bill Lee

0418777727
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