- Totally refurbished in 2016 and very well maintained.
- High quality room and residence fit out with significant return trade.
- Genuine Opportunity to build a business for the long term with this 4 star property.
- Current owners just cruising along.
- 12 fully self-contained studios with an established source of income.
- Undercover parking.
- Situated in the Central Business District of Gladstone.
- Easily managed and operated by a couple.
- Opportunity to grow the business.
- Reception with limited hours.
- 12-person therapeutic spa, large outdoor barbeque area.
Central Studio Apartments is situated in the heart of the Gladstone CBD. With twelve superbly built and fitted out studios is has the potential to become a solid earner with the added attraction of capital growth as turnover grows.
There is nothing to spend, the premises were renovated to a very high standard during 2016. The rooms are just superb as well as the comfortable three bedroom residence.
The current owners have run the motel to suit themselves, closing at Easter and Christmas as well as most weekends. So herein lies the opportunity to put in the effort, open the doors and build up the business that will in return generate higher profits and as a result increase the capital value of the property.
It is really worth taking a look. Gladstone accommodation market is improving, and a number of projects are in the pipeline.
Net Profit: $121,780 (excluding GST) for 2021/22
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2544MF (quote when enquiring)
Location: The Gladstone Region is the gateway to the Southern Great Barrier Reef. Like nowhere else, it is a striking juxtaposition of industry and pristine environment of the world heritage listed Great Barrier Reef, rural hinterland and striking sandstone wilderness. The Gladstone Region offers a great place to live, work, play and invest. Whilst major industrial facilities dominate Gladstone and Boyne Island, the region also features coastal towns and rural farming areas.
Property Code: 4361
