Motel Resort News - 14/09/2009
The last 12 months has been a difficult time where inactivity within the market has resulted in very few motel sale transactions being completed. 2008/09 represented the fewest number of motel sale transactions that we have seen in the past 14 years of motel brokerage throughout Queensland.
Leasehold Motel For Sale - Price Reduced
PRICE REDUCED - LEASEHOLD $1,250,000
Nicely presented cavity brick motel has undergone much renovation in recent times.
It includes 18 good quality units with a 3.5 star AAA rating. It has a licensed dining room and bar for in house guests. There is a large 3 bedroom family sized residence adjoining reception. The BBQ and swimming pool area is very nice and includes a children's playground. Situated in great main road position with exposure to a massive amount of passing traffic. Long lease in place. Low annual rent of $100,000. Net Profit After Rent $400,000. This motel represents excellent buying. Contact Exclusive Agent - Andrew Morgan.