Rare Freehold Going Concern Opportunity in busy Regional City | Resort Brokers ID : FH008015
$1,850,000
Motel (Freehold) hospitality, North Mackay QLD
Located in the busy regional city of Mackay. ResortBrokers are delighted to present to market the freehold going concern opportunity to this recently refurbished 14-room motel.
The motel's strong net profit and high ROI are a testament to its successful operation and strategic location. Situated in a growing major regional city, the motel benefits from repeat clientele ensuring a consistent revenue stream. The prime location near schools, shopping centres, and a hospital further enhances its appeal, making it a convenient choice for a wide range of guests.
This is a compelling opportunity for an astute purchaser. Its combination of recently renovated rooms, strong net profit, limited competition, along with spacious four-bedroom owners residence, make it a standout choice in the market.
- Rooms recently upgraded to modern standards
- Profitability that stands strong in the market
- High ROI, a testament to its successful operation
- Strategically located near schools,shopping centre, and hospitals
- Owner’s residence featuringfour spacious bedrooms
- Located in a bustling regionalcity with high-demand
- Benefiting from limitedcompetition in the vicinity
- 5.25kw Solar
- Inspections are by appointment only
Date updated: 21 Apr 2024 23:00:05
More Information
- Total Purchase Price: $1,850,000
- Net Income: $ 301,159
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
This is the approximate number of years the business' revenue would pay for the business component.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Are there any set office hours stipulated in the contract?
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?