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Acquire a highly sought-after Freehold Investment Motel - Recently renovated | Resort Brokers ID : INV008402
$2,500,000
Motel (Freehold) hospitality, GLADSTONE CENTRAL QLD
ResortBrokers presents a prime freehold passive investment opportunity in Gladstone Central. This recently refurbished motel, operated by experienced lessees, offers diverse income streams from its 24 rooms and the attached Thai restaurant. With no additional capital expenditure required, it generates an impressive $196,727 p.a. plus GST.
Don't miss this standout investment opportunity in the thriving motel industry.
- Prime freehold passive investment opportunity in high-demand
- The motel is recently renovated with modern bathrooms, flooring, paint, and a driveway
- Seasoned lessees operate it with a portfolio of seven motels
- Strong tenant base with diverse income stream from motel and restaurant
- No additional capital expenditure is required for years to come
- Generates $196,727 per annum plus GST, with contributions from motel and restaurant
Date updated: 22 Dec 2024 22:00:03
More Information
- Total Purchase Price: $2,500,000
- Net Income: $ 196,727
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
This is the approximate number of years the business' revenue would pay for the business component.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Are there any set office hours stipulated in the contract?
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?