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Biloela QLD 4715
Sold on 2 Feb 2024

Biloela QLD 4715

  • Hotel, Motel, Pub & Leisure
  • 1 m²
  • Sold

HIGH YIELD LEASEHOLD BILOELA QLD - 2094ML

    - 29 unit motel with strong trading results.

    - High profile location on the edge of CBD.

    - New 30 year lease. 5 years plus 5 x 5 year options.

    - Licensed restaurant with private bar area (currently closed).

    - Accommodation in Biloela at an all-time high. To continue for the next 10 years.

    - Well maintained motel with renovations and upgrades over the last 10 years.

    - Three bedroom manager's residence, in-ground pool, barbeque area.

    - Ideal business for owners or investors alike.

    - High net return on investment.

    On offer is a very busy 29-unit motel in Biloela, where demand for accommodation is at an all-time high and will continue for the next 10 years.

    Currently the motel has permanent bookings with two large companies taking the majority of the motel rooms nightly. These contracts guarantee bookings for the next 12 months and beyond.

    Biloela has five major wind farms planned for construction over the next 10 years and local council planning is indicating a shortfall of accommodation throughout the town and region.

    The motel was refurbished over the last 10 years with all bathrooms upgraded, rooms repainted, new carpet and replacement of all furniture. In recent years all televisions and many A/C units have been replaced.

    Net Profit: $496,656 for 2022/23

    Contact Richard O'Connell from Tourism Brokers for further information or to arrange an inspection.

    Property ID: 2094ML (quote when enquiring)

    Property Code: 4685

    Tourism Brokers
    Tourism Brokers
    170 Scarborough St
    Southport, QLD 4215

    Property Highlights

    Date Sold2 Feb 2024
    Floor Area1 m²
    Land Area3,335 m²
    ParkingAsk Agent
    Property ID2018695696
    Category
    Last updated  4 Feb 2024
    Map for Biloela QLD 4715
    Tourism Brokers
    Tourism Brokers
    170 Scarborough St
    Southport, QLD 4215

    Property Highlights

    Date Sold2 Feb 2024
    Floor Area1 m²
    Land Area3,335 m²
    ParkingAsk Agent
    Property ID2018695696
    Category
    Last updated  4 Feb 2024

    Listed by

    More about Biloela QLD 4715

    Biloela QLD 4715 is categorized as Hotel, Motel, Pub & Leisure Property. It has a floor area of 1 m² and a land area of 3,335 m². The listing ID for this property is 2018695696.

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