The Airport 85 is perfectly situated in a quiet, highly sought after location within sub tropical gardens and is only 10 minutes from Brisbane Airport. The motel has modern décor, and is extremely well maintained with most rooms featuring king sized beds.
There are 27 years left on an extra long lease and despite the obvious impact of COVID, this is one of the first motels to bounce back and is well advanced in its recovery!
Airport 85 is a 25 room, two story brick motel featuring ample parking, an onsite in-ground pool plus spa and a small dining room offering breakfast to all guests. It also has a fully renovated full sized two-bedroom manager unit.
The property is one of the better quality offerings in the Brisbane motel market with no major work required, the property presents perfectly for an incoming operator.
Pre COVID the 8 month average turnover was in excess of $75k per month and averaged 75.96% occupancy for the same period. Historically the motel has turned over in excess of $1M per year. The current leasee's have dipped their toe into the motel waters and are looking to their next venture with plans to buy a bigger freehold property once this is sold.