1949ML - New Lease, Great Lifestyle, Great Opportunity

SOLD

8,099 m2

12 recently renovated and spacious, beautifully presented rooms. All the rooms were refurbished in 2016-17 with modern decor, queen size beds, ensuite bathrooms
Motel completely rewired in 2017
Situated at the top of Whitsundays, halfway between Rockhampton and Cairns
Landscaped gardens and lawns
Salt-water swimming pool with spa, barbeque facilities, outdoor entertaining area
High return and growing business
Fantastic and rare beginners' motel or a couple wanting a comfortable lifestyle with an income
Opportunity for further growth since completing renovations
Owners happy to assist and provide some training with transition
Modern living accommodation with large deck
Excellent profile from Highway presence
Large block 8,099 sqm
Ample and easy parking access, ample room for a number of trucks, vans, boat trailers, etc
Relaxed lifestyle

This 12 room motel is beautifully presented and has recently been refurbished, completely rewired and the rooms and front repainted. The fitout is modern, and the repeat business is on the increase. The home that compliments the property for the owners (you) is a modern two-bedroom free-standing house with its own balcony and private outside area to enjoy.

The financials presented will show an income for the 2017/18 period, but please note the property was closed for the renovations and repositioning. Accordingly, conservative expectations are that the motel will turnover $250,000 for 2018/2019. The new lease asking price and the rent are based on this figure. July and August 2018 sales give a glimpse of the future here. There is real opportunity here, with increasing occupancy, increasing turnover and nothing to spend.

Boasting over two acres of landscaped gardens, there is ample scope to increase this business and cash in on the massive growth in the region with the major expansion of the coal export facility, natural gas pipeline, and new mining developments.

The area has a strong future. Fantastic as a starter of for semi-retirement as an income.

Net Profit: $71,849 (not 12 months trading) Expected $102,000 for 2018/19

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

Property ID: 1949ML (quote when enquiring)

Price	SOLD
Location	Bowen
Property ID	1949ML
Category

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