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
Category

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