Perfect Motel to grow your accommodation business

Do Not Miss Out on this great motel that delivers strong income but still has growth potential for the new owner!<br />
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One of only two motels in Atherton, this well-established leasehold business offers long lease security, strong occupancy and genuine opportunities to grow profits.<br />
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•⭐ Key Investment Highlights<br />
•🏷️Asking Price: $730k (neg)<br />
•💰 Net Profit: Over $224k adjusted<br />
•📈 Return on Investment: 30%<br />
•🛏️ 17 Motel Rooms<br />
•📅 27 Years Remaining on Lease<br />
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Positioned directly opposite Atherton Hospital and only moments from the town centre, this 17-room motel enjoys strong repeat corporate and tourist trade with consistent occupancy and excellent forward bookings.<br />
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The current owners have invested heavily into upgrading and modernising the property over recent years, creating a highly efficient and largely automated operation with minimal ongoing capital expenditure anticipated.<br />
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Key improvements include:<br />
• Refurbishment of 5 guest rooms and 1 two-bedroom apartment<br />
• New bathrooms, furniture and fittings<br />
• New roof<br />
• New CCTV system<br />
• New commercial laundry equipment<br />
• Full repaint of motel frontage and doors<br />
• Numerous operational and equipment upgrades throughout<br />
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The business currently operates with a simple staffing structure consisting of casual cleaners only, with automated check-in systems significantly reducing front desk requirements.<br />
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Features include:<br />
• Long 27-year lease tenure<br />
• Strong occupancy averaging approximately 79%<br />
• Average room rate approximately $155 per night (inc)<br />
• Consistent corporate, hospital and tourism trade<br />
• Opposite Atherton Hospital<br />
• Easy-to-operate business model<br />
• Manager’s residence included<br />
• Opportunity to improve margins through increased direct bookings<br />
• Further upside through meal service or expanded guest offerings<br />
• Strong forward bookings exceeding $140,000<br />
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The motel was originally operated successfully by a husband-and-wife team with minimal staff involvement, providing flexibility for incoming owners to tailor operations to suit their preferred lifestyle and management style.<br />
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The current owners also heavily utilise Online Travel Agents for bookings, presenting a clear opportunity for incoming operators to improve profitability by increasing direct bookings and reducing commission costs.<br />
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Regional leasehold motels with long tenure, strong occupancy and limited competition remain tightly held and highly sought after.<br />
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Inspection strictly by appointment only.