GREAT STARTER MOTEL LEASEHOLD IN BRISBANE SHOWING 39% RETURN!
We are pleased to have been appointed as Exclusive Brokers to market the leasehold interest of the Airway Motel.
Airway Motel located in Ascot, very close Eagle Farm and Doomben Racecourses, and Ascot Village. Other sporting venues close such as Royal Queensland and Nudgee Golf Courses or for rugby and cricket fans the Suncorp Stadium and The Gabba are a short drive.
The Airway Motel is patronized by families and people wanting to attend the many events held in nearby sporting facilities.
The Motel is within the Brisbane Airport Precinct and as such a good place to stay before flying or cruising.
The Motel consists of two buildings constructed of Brick Block. It boasts 21 rooms with most car parking undercover. There are many configurations of room to accommodate families, couples and individuals. They serve breakfast and are informative about the local restaurants in the area for other meals.
The Business has averaged adjusted Nett Profit of $132,000 over the last 3 years and is priced to sell at the asking price of $335,000.