This Bayside motel style resort is the biggest and best in the area featuring 41 rooms, premium managers townhouse and a function business that drives high margin returns and ongoing occupancy for its accommodation facility.

Key Features

  • Huge $350k net
  • Consistent ongoing year on year trade
  • Functions and accommodation business feed each other
  • Strong staff base in place
  • Awesome managers townhouse
  • Occupancy at 73.4%
  • The strength of being a part of a large hotel chain

 

NB: Property inspections are by appointment only

Key Details

Listing Ref: LH005421
Property Type: Motel
Region: QLD - Brisbane
Suburb: Cleveland
Sale Type: Leasehold
Net Profit: $357,814
Price: $1,280,000

Listing Agent(s)

Agent Feedback

Selling our Canberra property was a big step for us after 22 years. It was a complex ‘hybrid’ sale that involved management rights plus a large number of freehold units. It also hinged on gaining the agreement of many other individual owners to sell their units. Ian Crooks and Russell Rogers of Resort Brokers Australia handled what were lengthy negotiations with diligence, persistence and discretion. Their insight and knowledge of the market were invaluable in getting the deal across the line. At the same time, their patience and attentive service helped to smooth the whole process for us. Resort Brokers' expertise delivered a successful result for everyone involved.

- Jim Stanwell
Vendor,
Canberra Capital Executive Apartment Hotel

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

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