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2013ML - Great Location, Great Motel, Great Business

TOOWOOMBA CITY QLD, 4350

For Sale

Property for Sale in TOOWOOMBA CITY QLD, 4350

Tourism Brokers

34 Lamorna Avenue , Beecroft, NSW 2119

Listing ID:
11366107
Status:
Active
For:
Sale
Price:
Leasehold $1,050,000
Last Updated:
19/01/2020
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Property Type

Hotel/Leisure
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Land Area

N/A
Icon size

Floor Area

1 SQM
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Parking

N/A

2013ML - Great Location, Great Motel, Great Business

- 22 motel rooms and 5 self-contained apartments.

- Prime location.

- Long term proven performer.

- Plenty of upside.

- Quality 3.5 star motel.

- Large residence.

- 81.6% Occupancy for last 6 month period to 31 December 2019.

- Long Lease term (27 years).

- Great business with excellent returns.

- Last 6 months trading showing total sales at $561,484 for the period 1 July to 31 December 2019.

- Worth a serious look, book an inspection.

On offer is an opportunity to buy this impressive high quality 3.5 star, all ground floor, 27 unit leasehold motel in this ever growing and developing regional town. Located on a main highway and just a few minutes drive to all Toowoomba has to offer.

Boasting an envious record of consistently high returns over many years, this motel will provide real opportunity for a new owner. The large and well-appointed rooms are in excellent order and offer a mix of layouts to suit any guest requirement.

Located on the highway just opposite a shopping centre and central to much that the town has to offer, a good mix of both corporate and leisure clients, many of whom are repeat guests the motels warm and friendly feel ensure that guests keep coming back.

A long lease (27 years), a good rent ratio and minimal maintenance going forward will allow the new owner to build on what is already a very strong business.

The owner's residence has two bedrooms and two bathrooms, open plan kitchen, lounge and dining area.

There is a currently vacant restaurant, commercial kitchen and conference room that could be brought back into service if desired.

Give me a call today, this motel is worth serious consideration.

Net Profit: $288,782 for 2018/19

Contact Mark Tuck from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2013ML (quote when enquiring)

Location: Toowoomba is a major regional town with a growing population of approximately 150,000. The town has high quality private and public schools, major shopping centres and everything else one would expect, and more from a large regional town. Medically the town boasts excellent hospitals, and the new Wellcamp International ready airport that currently fly’s to Sydney, Melbourne and Townsville and is growing rapidly.

Located Nearby: Toowoomba CBD - 4 mins; Clifford Park Racecourse – 4 mins; Toowoomba Showgrounds - 6 mins; Toowoomba Base Hospital - 6 mins; St Andrews Hospital - 7 mins; St Vincent’s Hospital - 10 mins; City Golf Club - 15 mins.

Property Code: 3258

For more details, please email agent

Tourism Brokers

34 Lamorna Avenue , Beecroft, NSW 2119


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