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Ayr

LEASEHOLD $400,000 + SAV

2037ML - JUST RENOVATED, THIS MOTEL IS READY TO REAP THE REWARDS

Recently renovated, this 17 room Leasehold Motel in regional Far North Queensland is being presented to market for the first time since 2010.

With a great quiet location and ample space, this motel ticks all the boxes. A restaurant under lease adds to your income, without the added hassle of operation and your focus is just the motel side.

Run the Restaurant or Lease it out for $18,000 PA, giving you a low rental of $85,000 which is around $5,000 per room.

There is a further 15 years left on the lease, and with little maintenance post renovation it is waiting for someone to invest and reap the rewards.

A spacious three bedroom residence completes this property.

This Motel has not had a chance to take advantage of the full renovation with COVID-19 presenting itself. It is ready for an astute operator to take advantage of the recent refurbishment.

Vendor will welcome all offers.

Net Profit: $29,200 for 2019/20

Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2037ML (quote when enquiring)

Property Type Business

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Antonio Curulli

0488 030 853
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