Stanthorpe

Leasehold $300,000

1979ML - 60% ROI on New Lease

  • Ideal Leasehold with room to grow.
  • Brand new 15 year lease for a suitable tenant.
  • 14 motel rooms, 14 cottages and a large share house.
  • Has been run as a budget motel and backpackers.
  • Two separate seasons - winter is tourism, summer is working backpackers.
  • Opportunity to develop other income streams.
  • Onsite pool, games room, camp kitchen, volleyball court, business and guest laundries, undercover parking.
  • Plenty of storage and room for large vehicles onsite.
  • 4 bedroom house with attached office, reception and common room.

This could be an amazing opportunity for a marketing savvy couple willing to put in some hard work and reap the benefits. The business had been a thriving budget accommodation provider but closed down last year for 3 months whilst a tidy up and makeover was done at the end of the last lease. Up and running again in a tough market, the property has averaged 62% occupancy over summer with no workers due to the minimal growing season. This property has in the past run at almost 100% occupancy for months on end when the managers were motivated.

The sky is the limit! So, bring your ideas and a positive attitude because you are coming to make some serious money for your small initial cash outlay.

Net Profit $190,459 for 2018/19

Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.

Property ID: 1979ML (quote when enquiring)

Property Type business

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Tony Johnson

0433 335 679
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