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IMPRESSIVE FHGC MOTEL - STRONG REGIONAL QLD TOWN
$7,700,000 FHGC
Motel (Freehold) hospitality, Roma QLD
Opportunity to secure a freehold going concern motel, located in booming Roma. With 29 self-contained apartments and nine motel style rooms, the scale of this property is impressive. Eleven apartments were fully renovated from top to bottom over the last two years. High occupancy of 74 per cent, with over 50 per cent repeat corporate trade. Increasing turnover and high net profit
- Extensive refurbishment undertaken.
- Key contacts with huge market share
- 29 of 38 rooms/suites fully self-contained
- Currently run under management with owners doing relief management
- Great staff retained on above award wages.
- Strong tariffs with yearly growth
- High 74% occupancy with better than 50% repeat trade
- Only 5% food and beverage
- Land for future development (STCA)
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More Information
- Total Purchase Price: $7,700,000 FHGC
- Net Income: $ 924,295
(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?