Property

17% ROI Freehold Motel

Freehold $1,775,000

Description

* Neat and tidy 19 unit motel
* Operated under management
* Brick/block construction and presents very well
* Large covered BBQ area
* Spare land for large vehicle parking
* Large block of land at 3,028sqm
* Low overheads to operate motel
* Occupancy rate 70%
* Exposure to a huge amount of traffic each day being situated on a major highway, close to airport and centre of town
* 2 bedroom residence onsite
* Net Profit $300,000+ (FY22)

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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