Sold

A BUSINESS YOU WILL BE PROUD TO OWN - 2783ML

SOLD

  • New lease, direct from the Freehold Owner.
  • 28 ensuite letting rooms - 26 at ground level plus 2 on an upper level, with an allocated car park per room and a guest laundry.
  • The Freehold owners have been through the property in detail from October 2023 and have completed a number of upgrades from painting the units, replaced bed heads, replaced side tables, replaced and checked A/C Units, replaced a number of televisions with smart televisions and installed a number of microwaves.
  • Reception with adjoining restaurant / bar and a commercial kitchen; three bedroom manager’s residence above the reception / restaurant.
  • Porte-cochere adjoining reception, inground pool and an illuminated pylon sign.
  • Fully licensed with a separate bar adjoining reception and feature timber doors opening onto an external patio.
  • Seating for 50 people.
  • Commercial appliances, stainless steel benching and shelves, commercial dishwasher, cool room and freezer, dry storage and epoxy resin floors.
  • Strong trading history.
  • Recipient of TripAdvisor Travelers Choice and Certificate of Excellence.
  • 3km from the Mackay Airport and Mackay City Centre, the motel is within walking distance to 24 hour IGA supermarket, shops and post office, medical centre and Shamrock Hotel.
  • Stroll to the Mackay town centre in just 30 minutes.
  • Because of the upgrade that commenced in October 2023, a number of rooms were out of action and used by family and workers whilst the works were completed. That removed the ability for guests and the expected Net for 2023-2024 is in the $370K range after rental, but going forward for the 2024 Cal year, it is expected to be closer or in vicinity of $500K.
  • Currently 7 staff are at the property and all wish to remain, the current owners are often away and the team are able to manage and operate whilst the owners are away.
  • Asking price is plus Stock at Cost.

 

Net Profit: $408,721 for 2021/22

 

Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2783ML (quote when enquiring)

 

 

Price SOLD
Location Mackay
Property ID 2783ML
Category Motel

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