ICONIC HILLTOP GLADSTONE MOTEL - 2102MF

SOLD

Key property features:

24 well-appointed motel rooms, over two levels
All room with balconies and ocean views
Great long term property investment.
3-bedroom residence with lounge and kitchen.
Restaurant and bar (currently closed) potential increase revenue.
Ample off-street parking for motel guests.
Rapid growth area with strong investment and industry.
Solid building and property with ample off-street parking.
Opportunity for continuous business growth.
In a quiet suburb of Gladstone.

We are pleased to offer for sale this freehold motel which has been a landmark of Gladstone for many years with commanding views of the harbour and ocean in the distance.

Opportunity knocks! this property has an opportunity for new owners to invest some energy and bring the property back to its former glory. Rooms were updated in 2013 and with some further rejuvenation to both rooms and restaurant the motel will benefit from the current growth demand for accommodation Gladstone is experiencing.

This motel has a large restaurant and conference room and past owners had strong successful trade with weddings and conferences throughout the year.

There is a large in-ground pool plus undercover entertaining area for guests and all units have sweeping views out to the ocean. Located in an elevated position back from the highway it offers guests peace and quiet for their stay.

With average Room Tariffs of $110 a night, and great growth potential the Camelot is ready for new owners.

Net Profit: $159,745 for 2022/23

Contact Richard O'Connell from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2102MF (quote when enquiring)

Price	SOLD
Location	Gladstone Central
Property ID	2102MF
Category	Motel

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