44-key freehold— 25 mins from Brisbane CBD with DA approvals&circa $2M net | Resort Brokers ID : FH008439

$18,888,000

Motel (Freehold) hospitality, RACEVIEW QLD

This thriving, immaculately presented 4-star motel is perfectly positioned to benefit from Ipswichs resurgence as Queenslands fastest growing city.

Located in Raceview in South Ipswich, a suburb at the forefront of the citys powerhouse growth, Country Motel Ipswich has solidly traded for almost 40 years and continues to excel.

In FY24, the motel posted a substantial net profit of $1,990,000 due to significant demand that encouraged the business to raise tariffs across the board for all rooms.

The vendors have an assignable DA for nine cabins. Country Motel Ipswichs exceptional occupancy of over 80% warrants the addition of these extra accommodations.

Additionally, the motelhas an onsite restaurant and a cafe. A local restauranteur has rented the premises on a commercial lease for $104,000+GST per annum, with annual CPI increase, providing the incoming owner with reliable passive income.

- Immaculately presented 44-room classic motel in Queensland’s fastest-growing city
- Solidly trading for almost 40 years and continuing to grow
- Exceptional FY24 net profit of $1,990,000
- 80% occupancy with room to grow via DA for 9 extra cabins
- Solid corporate trade midweek and leisure trade on weekends, with a 3-night average stay
- Corporate clientele includes RAAF, government and construction workers
- 600+ sqm conference rooms for corporate or social use
- Generous sized rooms with a wide range of configurations
- Excellent OTA ratings across all major platforms
- Leased onsite restaurant provides a passive income of $104,000+GST p.a
- Inspections by appointment
Date updated: 15 Dec 2024 22:00:03