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Cheap Leasehold With Upside - Id 1811ml For Sale

Goondiwindi, Queensland, Australia
Asking Price:
LEASEHOLD $299,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Goondiwindi is one of the strongest motel towns in all of Queensland and here is your chance to get a foot in the door and make some serious coin if you are willing to put in the hard work.

What do you get as a starting point?

- 19 budget rooms in quiet position only 400m from the main street.

- Walk to CBD, shops, pubs, restuarants, etc.

- Onsite pool, barbque area and low maintenance grounds.

- Undercover parking for guests.

- 2 bedroom residence attached to motel but separate to reception.

- No restaurant, only breakfast if you choose to offer it.

This is a serious opportunity to add capital value to your asset. This is a town where some motels run over 85% occupancy and you have a starting point around 60%. Don’t be fooled, you are not buying a high 4 star property but the bones are here and with 19 rooms, small improvements will add to the bottom line very quickly. It can be easily managed by a hands on couple with casual cleaners. This is an ideal first time operation with a approximately 17 years still on the lease and nothing to lose.

Be brave and set your sights on making a change today!.

Net profit $105,000 for 2020/21

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

Property ID: 1811ML (quote when enquiring)

Property Code: 3071

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