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
Fully Refurbished Waterfront Motel
LEASEHOLD - $1,590,000 reduced to $1,300,000 - high quality motel
Fully refurbished high quality motel business offers the opportunity to walk straight in and start operating.
Very good location on the waterfront and close to shops, cafe's, retail and commercial outlets. Includes 28 units, licensed restaurant and bar, swimming pool and offstreet undercover parking. There is a large family sized 3 bedroom residence on site. 4 Star AAA rated. Average turnover $2,100,000 last 3 years. Excellent motel opportunity at a very low price. New 30 year lease available.
Net Profit After Rent 2010/11 $400,000
For more Information Contact Specialist Motel Broker Andrew Morgan
Office 07 4953 1611 or Mobile 0417 608 041
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