Rockhampton, QLD 4700

BARGAIN MOTEL LEASE OF 31 ROOM MOTEL IN NORTH QUEENSLAND! ONLY $440,000

We are pleased to have been appointed to market the leasehold interest of this well maintained 31 room Motel, located on the Northern approach into the City of Rockhampton, Queensland.

The property occupies a very large [parcel of land and offers secure parking for all guests including those in Trucks etc.

This Motel has been run under Management and would benefit greatly by having new hands on owners.
There have been a large range of upgrades by the current owners, including the installation of 6 new solar water heaters and a new 25 KVA solar power system.

The property was built in stages from 1988 with 12 units. A further 13 were added in 1998 and the last 6 units and the Restaurant were added in 2003.

The property is being offered with a new 30 year lease at settlement..

Net profit for 2021 expected to be over $350,000!

This Motel is priced to sell quickly so book an inspection now.