29% ROI Motel in Brisbane -  Last Unconditional Contract Fell Over
29% ROI Motel in Brisbane -  Last Unconditional Contract Fell Over
29% ROI Motel in Brisbane -  Last Unconditional Contract Fell Over
29% ROI Motel in Brisbane -  Last Unconditional Contract Fell Over
29% ROI Motel in Brisbane -  Last Unconditional Contract Fell Over
29% ROI Motel in Brisbane -  Last Unconditional Contract Fell Over
29% ROI Motel in Brisbane -  Last Unconditional Contract Fell Over
29% ROI Motel in Brisbane -  Last Unconditional Contract Fell Over
29% ROI Motel in Brisbane -  Last Unconditional Contract Fell Over
29% ROI Motel in Brisbane -  Last Unconditional Contract Fell Over

29% ROI Motel in Brisbane - Last Unconditional Contract Fell Over

$499,000Sold

Raceways Motel has been relisted after a lengthy contract process. For personal reasons, the previous buyer terminated an unconditional contract that had passed through the financial verification, legal due diligence and bank finance approval. The buyers retirement and health has now become a priority and we have priced this property to sell. If you are looking for a smooth transaction with the security of knowing the contract will proceed smoothly through due diligence as it did for the previous contract then this is a great motel to consider.

Key Features

  • Net profit of $144,384
  • Opportunity for further growth
  • Experienced contract cleaner staff in place
  • Huge accommodation onsite for a family
  • Recently extended lease to 25 years
  • 29% ROI - unheard of in the Brisbane market

NB: Property inspections are by appointment only

Key Details

Listing Ref: LH004592
Property Type: Motel
Region: QLD - Brisbane
Suburb: Hamilton
Sale Type: Leasehold
Net Profit: $144,384
Price: $499,000

Listing Agent(s)

Agent Feedback

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

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