2534ML - Exceptional Returns on this B&B Leasehold Motel

SOLD

1,519 m2

80% Occupancy and great returns
Walking distance to clubs and restaurants
5 minutes from airport and railway station, bus station over the road
Centre of town position on the Bruce Highway
Ongoing upgrades, new beds, air cons, televisions
All rooms have kitchenettes
72 Solar panels that will reduce your electricity costs in the future
Undercover parking for vehicles
4 bedroom residence

This high performing 20 room leasehold Bed and Breakfast motel sits in a perfect position in the centre of Rockhampton on the Bruce Highway.

The current owners have built a strong reputation for service over the years and this is shown by the continuing returns and occupancy numbers.

The motel presents very well, and the current owners have continually improved the property over the years. The building now has 72 solar panels connected that will reduce the electricity costs from here on and internally many upgrades have taken place with new televisions, beds and air conditioners being replaced in the last couple of years.

The comfortable four-bedroom main residence has its own kitchen and laundry, is air conditioned and sits upstairs from reception.

Clubs and restaurants are within easy walking distance with the local leagues club being just a couple of minutes walk away.

The current owners now want to retire and whilst the lease has only 8 and half years to run the returns are exceptional.

Rockhampton is the hub of Queensland, being the departure point for Central Western Queensland travel, and is the mid-point between Brisbane and Cairns.

Net Profit $276,050 for 2017/18

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

Property ID: 2534ML (quote when enquiring)

Price	SOLD
Location	Rockhampton City
Property ID	2534ML
Category	Motel

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