Resort Brokers offers a leasehold on one of Brisbane’s best maintained motels with 30 years left on a 35 year lease. The net profit has dropped in the last 12 months having the property run under management and the owner wants out to explore other business opportunities. Netting approx. $235k and priced to sell, this property is the one you’ve been looking for!

Key Features

  • Nett profit of $234k to Sept 2018
  • 30 years remaining on a 35 year lease
  • Still strong occupancy in the last twelve months
  • Fantastic average nightly room rates
  • Fantastic condition motel
  • Can be run as an investment or an owner operator

 

NB: Property inspections are by appointment only

Key Details

Listing Ref: LH005542
Property Type: Motel
Region: QLD - Brisbane
Suburb: Ascot
Sale Type: Leasehold
Net Profit: $233,967
Price: $960,000 + SAV

Listing Agent(s)

Agent Feedback

We would like to thank Nathan and Resort Brokers for their excellent service and support during the purchase of our Management Rights. This is the second time we have dealt with Resort Brokers and again we have found them to be very professional in all our dealings. 

- Stuart & Mary McCaul
Buyer,
Henley Apartments

The recent sale of our large motel was tricky and stressful to say the least. Throughout the transaction Nathan guided both us as vendors and the buyers through the process with professionalism & composure. His friendly & outgoing manner ensured that all inspections were simple and relaxed everyone. His knowledge and ability under pressure ensured we made it to settlement day.  We would thoroughly recommend Resort Brokers and Nathan to anyone looking at selling their business.

- Melanie
Vendor,
Pegasus Motor Inn

As a first time purchaser of a leasehold motel, Nathan provided a good balance between working for the vendor and ensuring us as purchasers that we had the right information and support to see the transaction through. Negotiations are never easy and Nathan managed expectations on both sides of the transaction in a professional way that left both sides content with the price outcome. I would have no reservations in recommending or using Nathan or Resort Brokers in the future.

- Scott Campbell
Managing Director,
ISTAPR P/L