Brisbane's Motel Market is back and this one is a ripper!

Description

Brisbane's Motel Market is back and this one is a ripper! Situated in Ascot, QLD, this motel property is one of the best long-term consistent performers on the Brisbane motel market. It is run by owner-occupiers since before covid 19 and prior to this, under management and is now performing at a high level. This opportunity is perfect for an incoming operator looking for a high Net profit with a decent number of rooms, all in excellent condition. With a strong turnover, low rent under industry benchmarks, high occupancy rates that are the envy of your competitors and a motel that presents well to a loyal customer base, the time is ripe for a new leasee to take over and reap the future rewards. Strong and loyal customer base No major works forecast in the short term Extra long 35-year lease with 27 years remaining High Net profit nearing the half a million dollar mark Strong occupancy and very attractive forward bookings 25 rooms plus full-sized and spacious two-bedroom manager’s unit Property inspections are by appointment only