Regional 4-star leasehold Motel with 16 rooms | Resort Brokers ID : LH008162
$650,000
Motel (Leasehold) hospitality, CHINCHILLA QLD
ResortBrokers presents a prime opportunity to acquire the leasehold of the 4-star Chinchilla White Gums Motor Inn. With comfortable facilities, a variety of room configurations and a loyal customer base, this motel promises consistent turnover and net profit.
The property includes a spacious two-bedroom residence and is secured by a long-term lease with 26 years remaining.
Regular refurbishments ensure the motel remains appealing to guests. This business would suit newcomers to the industry or experienced operators looking for a smaller, more manageable operation.
This is your chance to invest in a regional leasehold motel with a proven track record of success.
- Premium four-star motel in the heart of Chinchilla
- Equipped with modern facilities
- Boasts an impressive rent-to-revenue ratio
- Benefits from a loyal and recurring customer base
- Includes a spacious two-bedroom, two-bathroom residence
- Secured by a long-term lease with 26 years remaining
- Demonstrates consistent turnover and net profit
- Maintained through a regular and comprehensive refurbishment program
- Inspections by appointment only
Date updated: 21 Apr 2024 23:00:09
More Information
- Total Purchase Price: $650,000
- Net Income: $ 217,395
(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.
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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?