Barrier Reef Motel Innisfail

Leasehold For Sale
  • $1,195,000

Description

Off Market Hotels are please to present the leasehold offering of the Barrier Reef Motel.
Asking price is $1,195,000. The 2020 financials show a relative downturn in nett profit due to the covid restrictions on our clients travel and the restricted trading on our business
operations.

The figures for the six months ending December 2020 show a back to normal trading pattern, with T/O predicted to be over $1.2m.

For further information or interest in this real time opportunity, please contact shane Mullins 0447 185 001 or shane@offmarkethotels.com.au

Investment Highlights

Lease tenure 21 years as at June 2021
42 Rooms in total – Queens, twins, standard and Family
The external of the motel has been repainted in modern stylish colours, including the entire roof
All rooms have been repainted & fitted with block out curtains and screen blinds
This motel has been well maintained and presents well
Commercial kitchen, 50 seat open planned restaurant (indoor & outdoor) & Bar garden area surrounded by lush tropical gardens
Reception and ample office space
Front office system Starfleet Property
Commercial laundry and guest laundry
Plenty of storage, undercover car parks and ample car parking
Large saltwater concrete and pebblecrete pool
Managers Residence is a large 3-bedroom apartment conveniently located on the first floor above reception
Annualised net profit circa $375k – 31% Return on Investment

Details

Price:$1,195,000

Contact Us About This Listing

Shane Mullins photo
Shane Mullins

State Sales Manager

Cell: 0447 185 001

106/42 Brisbane Road
Mooloolaba, Queensland 4557