Resort Brokers have pleasure in offering for sale the leasehold interest of Motel on Gregory an extremely attractive boutique apartment style accommodation complex ideally situated in popular Gregory Terrace on the fringe of Brisbane CBD. The 12 months (to end Nov) profit and loss figures reflect a net profit of $240k, and any savvy operator will realise the enormous upside this hotel style complex could achieve. Motel on Gregory has a long lease, one of the fairest leases in the market, a hugely desirable location and solid financials in place. The owners are looking to retire and move back to the Sunshine Coast.

Key Features

  • Reception area and caretakers office (storage)
  • Commercial kitchen (not currently utilised)
  • Air-conditioning systems and fans in all rooms
  • Guest laundry facilities
  • Breakfast dining room
  • 3 function rooms plus enclosed veranda
  • Undercover parking
  • Located within walking distance of restaurants and entertainment precinct

NB: Property inspections are by appointment only

Key Details

Listing Ref: LH005636
Property Type: Motel
Region: QLD - Brisbane
Suburb: Spring Hill
Sale Type: Leasehold
Net Profit: $239,591
Price: $800,000

Listing Agent(s)

Agent Feedback

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

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