Secure a landmark motel leasehold - renovated rooms and strong repeat clientele | Resort Brokers ID : LH007947
$636,000
Motel (Leasehold) hospitality, BOROREN QLD
ResortBrokers presents an exceptional opportunity to acquire the leasehold interest of a renowned establishment near the tranquil town of Bororen, offering a unique blend of comfort and convenience, making it an ideal investment opportunity.
With 22 recently renovated rooms guaranteeing guests comfort, this easy-to-run motel is ready to be unleashed into it's next commercial life with it's next owner at the helm.
- Projected 20% growth over 2023/24 has tipped the net earnings to be $280,000+ after rent.
- Free standing 3-bedroom manager's residence that is fully fenced
- Effortless operation of a leasehold motel business
- Significant opportunity to increase revenue through operating the on-site restaurant and adjoining conference room
- Strong base of repeat customers built on providing in-house guests country-style meals
- Strategically positioned halfway between Brisbane and Mackay and a third of the way to Townsville
- Recently renovated rooms in 2022, featuring new beds and furnishings for enhanced comfort
- Landmark motel with a 35-year history, located just 3 km south of Bororen and 10km north of Miriam Vale, set on 5 acres in a rural area with stunning mountain views
- 22 diverse rooms, including King, Queen, and Twin options
- Inspections are by appointment only
Date updated: 22 Apr 2024 23:00:02
More Information
- Total Purchase Price: $636,000
- Net Income: $ 210,438
(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?