Ultra-modern Leasehold opportunity with 30 years on the lease
HARLAXTON, QLD, QLD
Description
Ultra-modern Leasehold opportunity with 30 years on the lease Offered exclusively by ResortBrokers is this near-new, superior quality, 4-star leasehold business. Offering 24 self-contained motel suites and apartments, this motel caters directly to the corporate market and domestic tourists, making this business a standout in it's field. Showing strong profits with a 40 per cent increase this financial year, solid forward bookings with many projects in the area and a low rent ratio, this leasehold motel will not last long on the market. Enquire today to make this your next investment. Long lease with low rent ratio Near new quality 4-star property Strong regional growth corridor Experienced staff to assist with transition Work-life balance through ease of operation 24 self-contained rooms/apartments Can be run under management Exceptional corporate forward bookings Potential upside with breakfast room/restaurant reinstatement Property inspections are by appointment only
Financials
- Asking price
- $975,000
- Net profit
- $335,424
- Revenue
- —
- Profit multiple
- 2.91x
- Revenue multiple
- —
Agent
—
