The lease of this popular, well known motel is being sold. It has 21 years remaining to 2032.
The motel is ideally positioned in the centre of the Bowen Road Motel Strip.
Townsville continues to have outstanding growth and benefits from adverse economy.
The motel has many areas of competitive advantage including:
The motel is well established.
An excellent location.
Good repeat customer base.
Bar and restaurant capable of seating 50 guests.
Pool.
Covered parking for motel quests.
The motel has a fine reputation.
A profitable business with scope for substantial increase in profitability.
A three bedroom manager’s residence with its own kitchen, lounge/dining and lockable courtyard.
Motel has 25 lettable units in a combination of self contained units, double units, twin units and second level units.
A major refurbishment was undertaken in 2009 and 2008 in respect of room furnishings.
The business is being sold on a walk in walk out’ basis for $510,000.
A full sale proposal is available on request.