Chris: 0438 340 706 Steve Fuller: 0420310500

Leasehold

   SOLD

19 Unit Motel with large residence (no restaurant) in Major City. Rooms are 4 star standard (ID:LH:SMI)

$350,000 +SAV
Area: TOOWOOMBA Code: LH:SMI

 

QUEENSLAND HAS SUFFERED A DOWNTURN IN THE PAST 12 TO 15 MONTHS. THE PRICE IS BASED ON  THE LOWER PROFIT FIGURES FOR 15/16 .

 

 

Features

  • 19 Units - variety of configurations including a 2 bedroom unit and self-contained unit
  • The building owners have just reduced the rent by $12,000 per year
  • Large 4 bedroom, 2 bathroom home
  • The property has undergone a major refurbishment in the past 2 years
  • Self rated - close to 4 star
  • No restaurant
  • Breakfast supplied and evening meals on request
  • In-ground pool
  • New 30 year lease with very good terms
  • Fantastic landlord
  • Well positioned on the western side of town - not far from the access to new bypass
  • INSPECTIONS ARE BY APPOINTMENT ONLY

Turnover

  • 2014/15 $479,843
  • 2015/16 $386,780

Profit

  • 2014/15 $182,204
  • 2015/16 $114,073