LEASEHOLD MOTEL FOR SALE COASTAL SOUTH-EAST QLD

22 days ago

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Internal Ref: 14878

Summary

Description: South Eastern Queensland coastal location. Single level brick and tile in excellent condition throughout. True business and lifestyle property. B&B only.Star Standard: 3.5...

About the Business

Description: South Eastern Queensland coastal location. Single level brick and tile in excellent condition throughout. True business and lifestyle property. B&B only.

Star Standard: 3.5 star.

Construction: 19 units. Single storey brick construction with cliplock iron roof and brick wall partitions. Very generous size units with appointments of high standard. Excellent condition, modern style – paint good.

Residence: 2 bedroom (1 with built-in), lounge/dining, bath/toilet, undercover entertaining BBQ area, garage, private yard. Joins reception.

Age: Build 1975 years approx.

Clientele: Tourists, short break stays, limited corporate reps and worker trade.

Land Area: 0.5 acre approx.

Tariffs: Single $105 - $115; Double $115; Family $155; Extra Person $20

Chain Affiliation: No

Laundry: Commercial equipment. All linen hired.

Restaurant: 20 seats

Services: Room service breakfast, in-ground pool, Foxtel, split system air conditioning, fire rated.

Turnover: 18/19 $267,075 (8 Months Only) - 17/18 $411,297 - 16/17 $372,634 - 15/16 $413,532 - 14/15 $376,748 net GST

Lease: Expires November 2034
Rent: $160,531 per annum - 2015/16

Comment: Motel of high standard in busy Qld Centre. Solid trade and clientele base.

MQ Property ID:
2858852


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