- Price Slashed due to COVID-19.
- Urgent cash deal wanted for this large corporate style leasehold motel.
- Adjacent to the beach and river are 46 rooms of various configurations.
- Onsite licensed bar, restaurant and 3 different sized function rooms.
- Resort style facilities.
- 99kw solar with battery backup.
- Free onsite car charging station.
- Long lease available to the approved buyer.
Nestled among 3 acres of tropical gardens this branded corporate style motel is being offered at an amazingly low price BUT be aware, the rent is not to be sneezed at and this is not your usual cookie cutter property. Usually running with a high ADR and low occupancy – under 50% there is room for growth and an opportunity for a fresh set of eyes to take the property to the next level.
The resort style facilities include a salt -water pool, indoor heated spa, sauna, tennis court and commercial kitchen catering for in house guests, functions and weddings.
This is an ideal property for corporate guests, group bookings and during the school holidays families and couples wanting to be close to the beach but in a quiet position away from the traffic and noise.
After a record-breaking December and January, this property like most has been affected by COVID-19. The landlord is being fair, and business is starting to trickle back. We are being realistic and stating that some of your revenue streams will take time to bounce back – e.g. weddings and large functions.
Only enquire if you have the cash, you are an experienced operator and you are ready to purchase now.
Turnover: $1,377,875 for July 2019 to Feb 2020
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1565ML (quote when enquiring)
Property Code: 3485
For more details, please email agent