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- Long lease (25 years)
- Good rent ratio
- Good mix of units
- Great starter motel easy to manage by single or couple
- Strong Occupancy repeat trade
- Strong turnover (42% ROI)
- Central town location
- Closest Motel on the strip to town
- Opportunity to increase tariffs
- Located away from flight path
- All units have been refurbished including bathrooms in the last 24 months
- Motel Kitchen replaced in 2016
This great starter motel holds the best position on the strip and is the closest to the town centre. With all rooms refurbished over the past 2 years, a new kitchen and many external improvements this motel presents extremely well.
With 14 rooms of mixed configuration, this consistent performer will provide a great business opportunity for a starter single/couple or even an experienced motelier looking to downsize.
Plenty of upside here with strong repeat clientele, increasing occupancy, minimal maintenance costs and room to increase tariffs going forward, all of which lead to a growing profit margin.
The new owner will have all the requirements needed for a sustainable and successful motel.
The residence is a comfortable size with two bedrooms, bathroom, new fully equipped kitchen, split system air conditioners and ceiling fans.
Mackay is a major regional town with a population of approximately 80,000. The Mackay Base Hospital is the main hospital for Central Queensland, along with The Mater and the Mackay Specialist Day Hospital Mackay is well served medically. There is also an airport, medical centres, good private and public schools and all the major services that you could want for a comfortable lifestyle.
Give me a call today, this excellent leasehold motel provides a real opportunity and well worth looking at.
Net profit: $140,443 for 2017/18
Contact Mark Tuck from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2316ML (quote when enquiring)
Property Code: 2940
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