Property

Strong Performing Coastal Motel

Leasehold $1,650,000
New Listing

Description

Offered for sale for the first time in 10 years is this long term strong performing motel business.

* 29 high quality motel units and apartments
* Solid block construction with BBQ area and inground swimming pool
* Excellent location close to a number of industries that have continual demand for accommodation
* Long term lease in place
* Turnover in excess of $1M (FY21)
* No food preparation at all
* High profit margin on back of low expenditure to operate
* Fantastic position within large coastal town
* Onsite residence with 3 bedrooms, 1 bathroom

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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