SOLID BRICK BUILDING WITH LOW RENT RATIO - 2728ML

SOLD

Great Leasehold motel with low rent ratio being offered at realistic price by motivated vendor.
23 rooms of varying configuration.
Choice of two bedroom residences depending on management family structure.
Very low maintenance grounds/ gardens.
Onsite pool and barbeque area.
Great cloud-based booking system and 24 hour check-in kiosk to allow for ease of operation.
Good staff keen to stay on.

Located on the main arterial road from the south, this motel is bouncing back strong after COVID restrictions. There are 22 years on the lease and with rent at only 22% of turnover that augers well for the future.

Solid brick and tile building that has had many upgrades in the past nine years of current ownership. The owner has spent considerable money and time in setting the motel up for ease of operation. Changes through COVID included many guests do self check-ins via the 24-hour check in kiosk. This has continued post-COVID releasing the owner to actually have a life whilst running the business.

Full training is available for a first- time operator OR a couple looking to take the next step in their motel journey. Call now to inspect this rising star!

Net Profit: $268,286 projected for 2022 calendar year

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

Property ID: 2728ML (quote when enquiring)

Price	SOLD
Location	Toowoomba City
Property ID	2728ML
Category	Motel

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