Cracking Leasehold Opportunity
Cracking Leasehold Opportunity
Cracking Leasehold Opportunity
Cracking Leasehold Opportunity
Cracking Leasehold Opportunity
Cracking Leasehold Opportunity
Cracking Leasehold Opportunity
Cracking Leasehold Opportunity

Cracking Leasehold Opportunity

$295,000 + SAV

The Mud Hut Hotel Motel is located on the in-land highway and is the stop-over point (half way) between Mt Isa and Townsville. This is a real opportunity to capitalise on the strengths of a small rural community with a profitable integrated hotel with long lease. The hotel was recently purchased from the freehold owner 18 months ago. This is the perfect scenario, where systems have been tested and perfected to ensure a successful operation. The current vendors are first time operators and this provides as a perfect opportunity to keep this business powering along. These operations are best suited to hands on operator.

Key Features

  • Long lease (new 30 year lease as of April 2015)
  • Many income drivers - F&B, Gaming, TAB, KENO, T/Away & Accommodation
  • Half way stop from Townsville to Mt Isa
  • Strong Rural community
  • Plenty of up-shot
  • 3 bedroom residence

NB: Property inspections are by appointment only

Key Details

Listing Ref: LH004494
Property Type: Motel
Region: QLD - Townsville Mackay
Suburb: Richmond
Sale Type: Leasehold
Net Profit: $120,000
Price: $295,000 + SAV

Location

Listing Agent(s)

Agent Feedback

The sale of this property was a particularly lengthy affair, during this time Shane always remained positive & focused towards the end result. His encouragement ensured we also remained positive throughout the entire process. If we intend to buy or sell again we would not hesitate to engage Shane to act on our behalf.

- Brenda Krop COOKTOWN HOTEL

We would like to say a huge thanks to Shane Mullins for his professionalism and effort to finalise the deal for our leasehold purchase. It was a pretty special set of circumstance for our purchase, and we wouldn’t have got past the first base, let alone completed without your involvement. We very much look forward to building the business into a very healthy going concern for you to take back to the market in the next 12-24 months!

- Max Nulley
Purchasers,
Lyndoch Motor Inn

Following the successful negotiation and purchase of our leasehold business we cannot praise the service Des provided to us during our purchase highly enough! He went out of his way to ensure that every process went as smoothly as possible and actively sort to problem solve the few issues that did arise during the purchase of our leasehold business. We found him to be honest in his negotiating skills, professional in attitude, diligent in providing us with regular updates and came to the fore when closing the deal. Des’ manner was always pleasant, his care and diligence as well as fantastic local knowledge left us very comfortable with our decision to buy. We would be more than happy to recommend Des to anyone who is looking to buy or sell in the accommodation industry. I certainly hope he is still doing this wonderful service when it is our turn to sell.

- Brad and Raylea Thomson
Buyer,
Charters Towers Tourist Park