Attention Upside Motel Buyers
Attention Upside Motel Buyers
Attention Upside Motel Buyers

Attention Upside Motel Buyers

$900,000 Exclusive

This very operationally efficient accommodation asset is extremely well constructed and maintained. The Airport Motel is a 3.5-star AAA rating and comprises 34 rooms plus managers apartment adjacent to reception. It has 24 years remaining on a 30-year lease which commenced on 16 August 2012.

Key Features

  • Net profit $210,000 (End FY17). Profit impacted by roadworks due to be completed in the near future.
  • Occupancy 61%
  • 10 years from 16/08/2012 with 4 x 5-year options
  • Rent $411,783 per annum (plus GST) increasing by CPI annually
  • Upside galore. Buying at the bottom of the market with huge growth in the future
  • No food and beverage

NB. Property inspections are by appointment only

Key Details

Listing Ref: LH005259
Property Type: Motel
Region: QLD - Brisbane
Suburb: Hamilton
Sale Type: Leasehold
Net Profit: $210,764
Price: $900,000

Listing Agent(s)

Agent Feedback

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