JUST RENOVATED, THIS MOTEL IS READY TO REAP THE REWARDS - 2037ML
(no street name provided), Ayr QLD 4807
LEASEHOLD $225,000
HotelSize: n/a
Block size: 2024 m² approx.
Recently renovated, this 17 room Leasehold Motel in regional Far North Queensland is being presented to market for the first time since 2010.
With a great quiet location and ample space, this motel ticks all the boxes. A restaurant under lease adds to your income, without the added hassle of operation and your focus is just the motel side.
Run the Restaurant or Lease it out for $18,000 PA, giving you a low rental of $85,000 which is around $5,000 per room.
There is a further 12 years left on the lease, and with little maintenance post renovation it is waiting for someone to invest and reap the rewards.
A spacious three bedroom residence completes this property.
This Motel has not had a chance to take advantage of the full renovation with COVID-19 presenting itself. It is ready for an astute operator to take advantage of the recent refurbishment.
Net Profit: $62,993 for 2021/22
Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2037ML (quote when enquiring)
Property Code: 4821
With a great quiet location and ample space, this motel ticks all the boxes. A restaurant under lease adds to your income, without the added hassle of operation and your focus is just the motel side.
Run the Restaurant or Lease it out for $18,000 PA, giving you a low rental of $85,000 which is around $5,000 per room.
There is a further 12 years left on the lease, and with little maintenance post renovation it is waiting for someone to invest and reap the rewards.
A spacious three bedroom residence completes this property.
This Motel has not had a chance to take advantage of the full renovation with COVID-19 presenting itself. It is ready for an astute operator to take advantage of the recent refurbishment.
Net Profit: $62,993 for 2021/22
Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2037ML (quote when enquiring)
Property Code: 4821
Inspections
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Key details
Property type:
Hotel
Block Size:
2024 m²*
Other Details
Property history
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SummaryMedian sales
Average Age
46 years
Population
8,603
Listing ID: 182223568. This listing has been viewed 1 time. It was first displayed on 17/01/2024 and last updated on 03/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.