STRONG CASH FLOW, SOLID EARNER, EASY TO RUN MOTEL - ID 2723ML

LEASEHOLD $1,650,000

3,000 m2

Tourism Brokers is delighted to present for sale this Townsville based motel. This strategically located property in the thriving area of Townsville offers a strong cash flow - even in the face of COVID - off the back of substantial trading with hospital patients, University and guests given its close proximity to the Townsville Hospital.

Investment highlights include:

29-key Leasehold motel that has traded well despite COVID and border closures.
Strategic location in close proximity to Townsville Hospital and James Cook University.
Substantial hospital-related trade that the motel benefits from, could potentially be increased by the incoming operator.
Strong return in 2022 which will likely increase with the expanding of flights from interstate and international regions.
3.5 star property.
Laundry onsite, but currently hired and outsourced.
Good solid tariffs averaging $130-$150.
Some apartments have full kitchens.
Strong lease of 25 years.
Generous Manager’s residence of three bedrooms, lounge, kitchen and dining room.
Comfortable tropical style accommodation offering self-catering rooms at very affordable prices.
Enjoys good year-round patronage from Townsville Hospital, Sporting Clubs and James Cook University.
EBITDA $478,535 (owner-operated) for 2021/22.
Return on Investment 29%.

Net Profit: $478,535 for 2021/22

Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2723ML (quote when enquiring)

Price	LEASEHOLD $1,650,000
Location	Townsville City
Property ID	2723ML
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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.

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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.

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