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Hotel Motel Suit Redevelopment Or Investor
Location Australia
Asking Price Range $5.0M - $10.0M
Gross Revenues $350000
Net Profit / Cash Flow $1500000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1970
Number of Employees 10 - 19
Inventory 50000 includes Freehold.
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Training Yes.
Reason for Sale Owner retiring.
Description Hotel Motel in the best tourist location in North Queensland; This Business has huge growth potential being prominently positioned in the tourism hub of North Queensland. This extremely well established Hotel/Motel for sale is showing great returns and running at a very high occupancy with a unique opportunity to acquire a prime development property directly adjacent to two world-renowned tourist attractions, attracting no less than 1.2 million visitors per year. As a trading hotel you would enjoy a holding income as the staged development proceeded, offsetting holding costs and interest. At the completion of the development the property would command a dominant position in the North Queensland tourist market, making it an exceedingly worthy attraction for visitors. The project is available for outright acquisition, with over 4,000 sqm of land on 4 titles 3 street access and only 25 minutes drive from the International Airport this property becomes the most sought after redevelopment site in North Queensland.
There will never be another property with such an outstanding position in North Queensland for redevelopment. Take advantage of Australia's booming tourist industry pick up the phone or e-mail now to secure your financial future in Australia. Expressions of interest 61 (7) 5564 0002
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