Opal Ridge Motel - Collinsville
For sale by offers to purchase
Business and Property being offered for Sale
Read more...Resort News Magazine - Issue June 2010
Most motel owner/operators/managers will tell you they are rarely in the onsite residence. Maybe this is why the motel residence is the most forgotten about, ignored, and neglected, part of many, many motel complexes. In “the good old days” motels were typically built with a lovely 3 or 4 bedroom home above or beside reception where the owner/operators (who were often the one’s having the motel built) were going to live with their children, and operate the motel business as a family concern. The motel was not only built as a place of business but also a home for the family to live and run the operation
Lease Motel - Huge 32% Return
leasehold $715,000 reduced to $660,800
Highly recommended as a consistent performer with good history and potential to increase trade by new and enthusiatstic operator
- Long term owners of 9 years
- One of Queensland's best Motel opportunities
- 22 well presented units (only 21 being rented at present)
- Nicely presented breakfast room
- Excellent residence is a separate house with fenced backyard and a 3 year old commercial kitchen installed
- Main road location close to CBD of large coastal town
- Consistent Net Profit of $210,000 in both 2009 & 2010
- 2011 Income is a par with previous years
For more Information Contact Specialist Motel Broker since 1995
Andrew Morgan
Office: 07 4953 1611 OR Mobile: 0417 608 041
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it