2474ML - Cheap Money Making Lease in Brisbane

SOLD

1,619 m2

Why work for a boss when you can buy this!

High % ROI on this Inner-City motel close to all the action.
37 rooms near RNA Showgrounds, walk to The Valley, CBD and Hospitals.
Currently 3 star budget motel.
Small manager’s unit attached to front office.
Staff may be available if needed as currently run under management.
Very little groundwork, plenty of drive by traffic.
Short term lease but a great way to make money.

This inner-city motel is a real money maker. Yes, it is only a seven year lease but do the sums and work out what you could make in that time. Comprising 37 rooms of varying configurations this property has been long term under management.

Run it as is - a motel, or it could be a backpackers or student accommodation - any way you choose, it has the location to succeed.

Yes, it will never be the Taj Mahal - but who cares at this price. Nothing else comes close as a return on your money.

Call now as those who hesitate lose!

Net Profit $275,393 for 2018/19

Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2474ML (quote when enquiring)

Location: Fortitude Valley is a suburb of central Brisbane. The suburb lies immediately northeast of the Brisbane central business district, and is one of the hubs of Brisbane's nightlife, renowned for its nightclubs and bars.

Brisbane is a diverse city - a green city with a perfect climate. It is a growing city with one of the fastest growing economies in Australia. It is a city of many small quirks from having its very own style of building (the 'Queenslander') to creating a swimming beach right in the middle of the CBD.

Brisbane's key sectors include information and communication technology, creative industries, life sciences, food and beverage, tourism infrastructure, manufacturing, logistics and distribution and aviation. Brisbane is one of the major business hubs in Australia. Most major Australian companies, as well as numerous international companies, have contact offices in Brisbane.

Price	SOLD
Location	Fortitude Valley
Property ID	2474ML
Category

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TOURISM BROKERS CLIENT CONFIDENTIALITY AGREEMENT

IMPORTANT MESSAGE TO ALL PROSPECTIVE PURCHASERS AND LESSEES

If you are a genuine Prospective Purchaser or Lessee, and you would like to obtain additional information in respect of any listing ofTourism Brokers it is a requirement that you agree to this Confidentiality Agreement below in order to request information on a property. Tourism Brokers will respect the discreet nature of your enquiry, as we do for all our clients.

To: Tourism Brokers Pty Ltd & Tourism Brokers (QLD) Pty Ltd trading asTourism Brokers
Centralised Administration 32 - 34 Lamorna Avenue
Beecroft NSW 2119

Ph: 1300 512 566 (International +61 2 9872 9943)
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Email: sales@tourismbrokers.com.au

Having declared in general principle, that I/we have a genuine interest in Tourism Brokers listing/s, I/we now request that, in your capacity as broker for the Vendor, you supply us with a copy of a current “Information Memorandum” (the “Memorandum”) or similar, describing the requested listing/s in further detail. I/we undertake that the Memorandum or similar additional information, will be used for no purpose other than to assist me/us in determining whether I/we/our client wish to purchase or lease the said business/property listed. [note, if you are a professional adviser or similar acting on behalf of a client or some third party, you are required to nominate your client’s name below]. I/we agree that the Memorandum and any other information or material made available to us (written, verbal or otherwise) via Tourism Brokers or the Vendor or their Solicitors, will remain strictly confidential.

To maintain the confidentiality of the information and material made available to me/us, I/we agree as follows;

a) The information and material will only be distributed on a “need to know basis” to me/us, our senior executives or directors of our company, and /or professional advisers and financiers to my/our company, and I/we shall take responsibility that all parties involved will be bound to and will adhere to the terms of this agreement.

b) Any copies made of the information and material will only be for the purpose of internal communications and that a system will be instituted to facilitate the recovery of any such copies.

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This undertaking shall not apply to information and material that;

a) At the time of provision or disclosure, or subsequently (through no fault of me/us) becomes in the public domain.

b) Was already known to me/us before the date thereof.

c) Is subsequently provided or disclosed to me/us by a third person who has the right to provide or disclose same.

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