STRONG TRADING REGIONAL LEASEHOLD IN FNQ - 2076ML
(no street name provided), Tully QLD 4854
REDUCED LEASEHOLD $430,000
HotelSize: n/a
Block size: 7900 m² approx.
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: 4733
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: 4733
Inspections
No open inspections scheduled.
Send an enquiry
Contact Antonio Curulli to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Hotel
Block Size:
7900 m²*
Other Details
Property history
We couldn't find any history for this property.
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Tully suburb information
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SummaryMedian sales
Average Age
40 years
Population
2,368
Listing ID: 181947275. This listing has been viewed 2 times. It was first displayed on 22/09/2023 and last updated on 26/04/2024.
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.