OUTSTANDING MONEY MAKER WITH PROVEN PERFORMANCE - 2691ML

SOLD

Achieving in excess of 36% after addbacks (Detailed financials available).
Food and Beverage only accounts for 11% of total Income.
89% Occupancy for 2022/23 FY to date with room to grow and add value. .
Secure long lease with low sustainable rental.
65% direct bookings with only 20% OTA (Expedia and Booking.com) and 15% GDS.
Exceptional quality 4 star Motel brilliantly positioned on main road with a strong business profile and street presence. Star rating assessment completed November 2022 with strong 4 star rating retained.
40 executive rooms ideal for corporate and leisure alike. Mix includes self-contained apartments and executive suites. All rooms are spacious and well appointed.
Well diversified marketing mix with exceptionally high return loyal business.
Resort style pool.
Fantastic, licensed restaurant and bar with alfresco area overlooking pool (Outdoor and indoor seating areas). Generally, inhouse guests only.
Conference area is well serviced and spacious with direct access off reception and rear access from kitchen and restaurant areas.
Currently fully run under management with a team that would like to stay on for the longer term and continue to bolster the business. Exceptional quality long term and reliable staff.
Rendered block construction under tile roof.
Rare, huge four bedroom executive/family size residence with private balcony. Direct access off reception, behind counter and seperate access area as well.
Popular location, 5 minutes to the airport, hospital, and CBD with 200m walk to shopping services. Stroll to the Mackay town centre in just 30 minutes.
A business you will be proud to own with upgrade works recently completed.

Net Profit: $536,959 for 2021/22

Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2691ML (quote when enquiring)

Price	SOLD
Location	Mackay
Property ID	2691ML
Category	Motel

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TOURISM BROKERS CLIENT CONFIDENTIALITY AGREEMENT

IMPORTANT MESSAGE TO ALL PROSPECTIVE PURCHASERS AND LESSEES

If you are a genuine Prospective Purchaser or Lessee, and you would like to obtain additional information in respect of any listing ofTourism Brokers it is a requirement that you agree to this Confidentiality Agreement below in order to request information on a property. Tourism Brokers will respect the discreet nature of your enquiry, as we do for all our clients.

To: Tourism Brokers Pty Ltd & Tourism Brokers (QLD) Pty Ltd trading asTourism Brokers
Centralised Administration 32 - 34 Lamorna Avenue
Beecroft NSW 2119

Ph: 1300 512 566 (International +61 2 9872 9943)
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Email: sales@tourismbrokers.com.au

Having declared in general principle, that I/we have a genuine interest in Tourism Brokers listing/s, I/we now request that, in your capacity as broker for the Vendor, you supply us with a copy of a current “Information Memorandum” (the “Memorandum”) or similar, describing the requested listing/s in further detail. I/we undertake that the Memorandum or similar additional information, will be used for no purpose other than to assist me/us in determining whether I/we/our client wish to purchase or lease the said business/property listed. [note, if you are a professional adviser or similar acting on behalf of a client or some third party, you are required to nominate your client’s name below]. I/we agree that the Memorandum and any other information or material made available to us (written, verbal or otherwise) via Tourism Brokers or the Vendor or their Solicitors, will remain strictly confidential.

To maintain the confidentiality of the information and material made available to me/us, I/we agree as follows;

a) The information and material will only be distributed on a “need to know basis” to me/us, our senior executives or directors of our company, and /or professional advisers and financiers to my/our company, and I/we shall take responsibility that all parties involved will be bound to and will adhere to the terms of this agreement.

b) Any copies made of the information and material will only be for the purpose of internal communications and that a system will be instituted to facilitate the recovery of any such copies.

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This undertaking shall not apply to information and material that;

a) At the time of provision or disclosure, or subsequently (through no fault of me/us) becomes in the public domain.

b) Was already known to me/us before the date thereof.

c) Is subsequently provided or disclosed to me/us by a third person who has the right to provide or disclose same.

d) Is disclosed by me/us pursuant to any law or order of any court, of any governmental agency or other regulatory body with whose instructions me/us are bound to comply with.

Although I/we understand that Tourism Brokers Pty Ltd, Tourism Brokers (QLD) Pty Ltd trading asTourism Brokers and the Vendor and their Solicitors believe that the material to be provided is accurate to the best of their knowledge, I/we acknowledge that no representation or warranty has been made or given as to the accuracy or completeness of any information or material obtained. I/we agree that neither Tourism Brokers nor the Vendor or their Solicitors have any liability to me/us or any of our advisers or representatives, arising from the selection or use of the information or material by me/us and any associates.