This is a unique motel operation of self-contained Strata Titled Apartments which includes a salary for managing the units ranging in size from studios to one and two bedroom apartments plus several other income streams!

Key Features

  • Exceptionally high net profit to purchase price ratio, and includes Freehold Title apartment.
  • Broadwater location at Labrador, walk to beach at northern end of the Gold Coast.
  • 32 apartments in letting pool operated as a motel business.
  • Includes managers salary plus commissions and profits on trading.
  • Prominent three street frontage, highly visible with easy access.
  • Studio, one and two bedroom self-contained Strat Titled apartments.
  • Managers Strata Titled two bedroom plus office unit includes undercover private courtyard.
  • Huge swimming pool and separate undercover BBQ entertaining area.
  • Perfect business with freehold title security for a couple looking for beach lifestyle.

 NB: Property inspections are by appointment only

Key Details

Listing Ref: LH004177
Property Type: Motel
Region: QLD - Gold Coast
Suburb: Labrador
Sale Type: Leasehold
Net Profit: $186,353
Price: $960,000 Or Near Offer

Location

Listing Agent(s)

Agent Feedback

Greg was easy to talk to and responded to any enquiries quickly and was always available on the phone, any time we needed him. This made our purchase straightforward and pleasant.

- Ann & Andrew Miller
Purchaser,
Waterview Motel

Greg James was extremely helpful and professional throughout the whole experience. He was available to us at all times and kept us up to date with all proceedings.

- Barb & Brian Koorockin
Vendor,
Waterview

Greg has gone above and beyond in his efforts to sell our motel. We gave him a challenge selling our property as our city had flooded in the recent past and this caused buyers some concern. Greg had faith in our product and how we had run the business and was able to pass that confidence on to the purchasers. He knew our property thoroughly and could explain the improvements and progress that we had made over the last 2 years. We believe that Greg worked tirelessly to find the right buyer for our property and throughout the entire purchase period, he kept us all informed of the progress. He reacted to requests for information promptly and followed through right to settlement. Really appreciate a great effort by a great agent. Thanks Greg!

- John and Helen Staffsmith
Vendor,
Lismore Wilson Motel