The Best in Biloela
BILOELA, QLD, QLD
Description
The Best in Biloela Looking for one of the best in the west? At $599,000 and yielding a net profit of $248,000 (plus free-living), this leasehold on Biloela Palms Motor Inn is the greatest opportunity ResortBrokers has seen on its books in a long time. This 25-unit motel, with well-appointed rooms, currently enjoys a 68% occupancy and has fantastic forward bookings. Boasting the same owner for the past 21 years, and with a new 35-year lease, bring your broom and move right in. New 35-year lease (negotiable) Spacious three-bedroom living accommodation Decommissioned restaurant - could easily be recommissioned to start offering meals with a capacity for 50 seats Fantastic forward bookings – consistent return clientele Highly visible highway location Bustling Central Queensland hub Property inspections are by appointment only
Financials
- Asking price
- $599,000
- Net profit
- $248,000
- Revenue
- —
- Profit multiple
- 2.42x
- Revenue multiple
- —
Agent
Ian Crooks
