- New established and experienced tenant/operator on new, strong 30-year lease including options.
- 40 room motel - 28 motel units and 12 cabins.
- Large land area 9,541 m2.
- Strong business.
- Strong motel town.
- Consistent repeat trade.
- Investment opportunity in good motel town.
- Licensed restaurant.
- Excellent returns.
This Investment motel is ideally situated on the Burnett Highway on the southern approach to town, has 28 motel units and 12 self-contained cabins (40 in total) and is set on 9,541 m2 of land.
Genuine opportunity to investment in a consistently high performing motel in a strong motel town. There is a fully licensed restaurant with private bar area to service all guests that is located separate from the office and residence.
Facilities include an inground pool, barbeque area, storage shed, three-bedroom owner’s residence, large vehicle parking area and free Wi-Fi.
The motel is trading with high occupancies and will continue with consistently strong, solid forward bookings.
Biloela has five major wind farms planned over the next 10 years and local council planning is indicating a shortfall of accommodation throughout the town and region.
With a new lease and experienced tenant in place at a ROI of 8.5%, this opportunity would suit; investors or institutional buyers.
Annual Rent: $420,000 plus GST
Contact Richard O'Connell from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2334MI (quote when enquiring)
Property Code: 4838
