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2364ML - Corporate Leasehold 32 unit Motel SE Qld

GYMPIE QLD, 4570

For Sale

Property for Sale in GYMPIE QLD, 4570

Tourism Brokers

34 Lamorna Avenue , Beecroft, NSW 2119

Listing ID:
9607220
Status:
Active
For:
Sale
Price:
Reduced Leasehold $950,000
Last Updated:
26/07/2019
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Property Type

Hotel/Leisure
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Land Area

N/A
Icon size

Floor Area

1 SQM
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Parking

N/A

2364ML - Corporate Leasehold 32 unit Motel SE Qld

- 32 unit motel with all bathrooms refurbished.

- Large four bedroom owner's residence adjoins reception.

- Well run licensed restaurant with private bar area.

- Located off the busy Bruce Highway for quiet guest enjoyment.

- 14 years remaining on the lease. Option to purchase additional lease form the landlord

- Excellent trading motel with high returns

This is a busy corporate motel located 1.5 hours north of Brisbane with high visibility to the Bruce Highway.

Current owner has undertaken regular refurbishment of the motel (including all the bathrooms) and established a strong repeat trade with guests. There is a large four bedroom owner's residence and the opportunity to purchase an adjoining residence together with commercial office/workshop for a further $330,000. Vendor willing to provide vendor finance for the house if this option is taken up.

Trade has been on the up over the past few years with 17/18 showing increased trade and so far the 18/19 period also showing growth.

For those looking for a strong operational motel not far from Brisbane this will appeal, make an appointment to inspect now.

Net profit $356,434 for 2017/18 as provided by vendor

Contact Mark Tuck from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2364ML (quote when enquiring)

Location: The town of Gympie is located in south eastern Queensland, and is approximately 160 kilometres north of the state capital, Brisbane. It lies on the Mary River. Gympie is the administrative centre for the Gympie Regional Council area. Gympie is the centre of the Mary River Valley agricultural district in which beef, cattle and pigs are raised, tropical fruit and vegetables are grown and an active dairy industry operates.

Gympie has many private and public schools, reflecting its importance as a regional service centre including eight state primary schools, two state secondary schools and private schools which offer both primary and secondary education.

Road connection to Gympie is via the Bruce Highway. Rail connect is via QR's North Coast railway line, which is served by daily Citytrain services to Brisbane and Traveltrain services for long distances.

Events: The Toyota Country Music Muster is one of Australia's biggest country music dos, with just a leavening of blues. It is held in Amamoor Creek State Forest Park every year in August. The Gympie Gold Rush Festival, in October, is a week-long festival which incorporates the Qld Gold panning Championships, the Australian Rock Drill Titles and a Twilight Street Procession.

Property Code: 1670

For more details, please email agent

Tourism Brokers

34 Lamorna Avenue , Beecroft, NSW 2119


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