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$2,570,000
Motel (Leasehold) hospitality, Darra QLD
Located in Brisbanes industrial/commercial hub is this beautifully presented 35 room motel.
Situated just 14km southwest of the Brisbane CBD, this 7047 m2 property has direct highway access to Brisbane, Gold Coast, Sunshine Coast & West to Toowoomba with ample parking for Cars, Trucks & Buses.
Consisting of Standard Motel Rooms & Executive self-contained rooms the property includes a very popular 50 seat fully licensed restaurant, an 80 seat Conference Centre servicing Government / Police / Corrections and multiple trade shows.
Recent refurbishments include full external repaint, new signage, electronic swipe card access to all guest rooms, security cameras throughout all common areas, fibre to the property wifi to all rooms, Foxtel Business IQ to all rooms & restaurant.
The separate managers residence includes a 2 bedroom self-contained apartment, large reception area and managers office.
The property has experienced year on year growth with 2 years accountant verified figures available with year ending January 2024 profit at $720,000.
Due to ill health the Leasehold will be sold with a 19 year lease remaining for $2,570,000.
More Information
- Total Purchase Price: $2,570,000
- Net Income: $ 720,000
(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?