Property

Modern Leasehold Motel

Leasehold $730,000
New Listing

Description

* New 35 Year Lease
* Built in 2008 - high quality modern motel
* Includes good mix of studio and family units
* Rendered block construction and presents extremely well
* Large covered BBQ and pool area
* Spare land for future expansion which is needed now
* Large block of land at circa one acre (approx 1,500sqm vacant)
* Occupancy rate 77% (FY21) and 85% (FY22 YTD)
* Coastal Location with strong demand for accommodation
* Licensed dining room for inhouse guests only
* 1 bedroom residence onsite
* Turnover $800,000+
* Can be easily operated under management
* High Net Profit After Rent

Queensland Tourism & Hospitality Brokers (QTHB) has compiled this information from sources we believe to be reliable, however QTHB does not give any warranty as to the accuracy, error or omission of information, if any. Interested parties should rely on their own enquiries.

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