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An Iconic Country Renovator Hotel in the Heart of Mitchell
Expressions of Interest
Motel Hospitality, MITCHELL QLD
The Hotel Mitchell possesses all the attributes of a renovator's delight.
Large under roof footprint of 2,379m2 in reasonable condition for its age including 15 accommodation rooms and a two-bedroom manager's unit.
Demand for workers accommodation in the town is increasing with the growth of regional projects. Jump in now and position yourself for success in the near future.
Please read the Investment Summary to the end. This is currently a non-operational business with major upside.
Expressions of interest campaign closes at 5pm Monday the 27th of April.
**Ras360 Specialists in Motels | Hotels | Pubs | Parks | Management Rights **
More Information
- Total Purchase Price: Expressions of Interest
- Net Income: $ 0
()
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?