Property

Innisfail - Substantial Leasehold Motel

Leasehold $1,195,000

Description

Large 42 Unit Motel Complex

* Presentation is excellent
* 42 quality motel units with a mix of different unit types
* Onsite 3 bedroom residence with direct internal access to reception
* Solid block construction
* Corporate motel with licensed restaurant and bar
* Positioned in an excellent motel town with historically very strong demand for accommodation
* Operated under management for a number of years
* 22 years remaining on the lease
* Very low rental offered - only $5,714/unit site - very low rent to profit and income ratio
* Net Profit After Rent $384,867
* Financial statements available to genuine enquiries upon request
* Highly recommended

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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