Leasehold Motel for sale in Queensland

This well established popular Motel is ideally located only minutes from the city centre it is the perfect base to explore the Fraser Coast, popular beaches and historical sites.

A variety of 12 ground floor suites including standard, king and family rooms in assorted combinations are available for individuals, families and or large groups and travelling business persons.

Facilities include in-ground pool and BBQ area, off street parking, reverse cycle air conditioners, electric heaters, TV's, wireless broadband, microwaves and cooking facilities plus tasteful decor and furnishings.

The manager’s accommodation consists of 2 bedrooms, bathroom, lounge and kitchen and laundry.

Built in the early 1960’s this motel was the most prominent motel in the region. The current owners have owned and operated for a number of years and gradually refurbished the motel to AAA 3.5 star standard which has been maintained over the last few years.

Due to family circumstances and other commitments, the current owners have now divided the original 32 room motel (2 titles) to decrease the workload and therefore offer the smaller combination as a Leasehold sale.

The package now includes

• $95,000 purchase is the cost of the included Inventory of inclusion
• 5 x 5 year temporary Tenancy Agreement at $65,000 per annum plus outgoings.
• 30year Tenancy Agreement will be offered at no additional cost within the 5 year period

There is no purchase of Goodwill, however the anticipated turnover for this section of the motel should be in the vicinity of $230,000 based on 60% of the historical takings for this section.

This offer is a terrific opportunity, especially for those wanting to start in the Motel business.

Located in a sought after growth area on the Fraser Coast this is well worth consideration for the anticipated capitol growth plus the good return on investment.