North Brisbane Motel Gem that ticks the boxes
We are pleased to have been appointed as Brokers to market the leasehold interest of this North Brisbane Motel.
This Motel has ticked all the boxes:
· Fully renovated 34 rooms
· Long Lease
· Self-Contained Cottage with long term letting
· Centrally located walking distance to amenities
The Motel is a family owned 3 1/2 star motel, offering generous units all with ensuite bathrooms. With a total of 34 rooms this Motel can offer variety of room configuration to suit all accommodation requirements; All units are ground level spaced out over four motel blocks.
The entire Motel presents very well, in excellent condition and has rising occupancy.
The Nett Profit to December 2018 is around $279,000 plus the Vendor has advised that they have secured a very lucrative long term contract that commenced in March 2018 and will run on an ongoing basis. This will increase the turnover and therefore Nett Profit substantially.
This Motel is a real Gem.