With a high net profit of $250,000, this 30 room motel represents excellent value for a hard working couple.
Located on the vibrant and popular Cassowary Coast, the motel is a well traded leasehold with passing traffic that services tourist visitors, industrial and agricultural and government trade.
There is nothing substantial to spend for the incoming lessee with the 30 rooms undergoing continual refurbishment.
The licensed Plantations Restaurant located onsite is a local favourite and is used to cater for special events of up to 50 guests.
Owners have had a good run, and now is the time for some new blood to take it to the next level.
This lease is well priced, and options exist at further cost (10 years - $180,000), for the extension of the lease period up to 23 years.
Major Features include:
One motel town
Ideal beginner’s motel, easily managed by a couple.
National Highway 1 location, sought-after business on Cassowary Coast.
Experienced housekeeping and restaurant staff to assist with transition.
Prominent, highly visible main road location with easy direct access.
Consistent corporate/government/industry trade and diversified highway customers.
High ROI of 50% (13 years) and the Landlord has agreed to a 10 year Lease for a further $180,000 (23 years – ROI 36%).
Net Profit: $250,000 Accountants Report for 2022/23
Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2076ML (quote when enquiring)
Property Code: 4732
