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Miles QLD 4415
Sold on 2 Nov 2022

Miles QLD 4415

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

CHEAP LEASEHOLD MOTEL GOING PLACES - ID 2023ML

If you have been looking for an easy to operate leasehold motel in a good trading area, then look no further. This motel had been in the same hands for many years until they retired and left the property in disarray. The current owner has gone in, tidied the place up and repositioned the property in the local marketplace. The last few months since the improvements has seen the occupancy and turnover skyrocket.

So, what exactly is on offer?

- Main road exposure in the centre of town.

- 12 ground floor rooms of varying configurations.

- 3 bedroom residence.

- Low maintenance grounds and gardens, pool and barbeque area.

- Affordable rent currently at $70K pa. (no market reviews)

- A 30 year lease and only CPI increases.

- New 39 kw solar system.

- No restaurant or liquor license.

Miles is in the middle of a strong agricultural area and the SW QLD gas fields. It is on the main arterial highway leading from Brisbane and caters for tradies and travellers of all kinds. It is a small friendly town approximately 2.5 hours from Toowoomba.

This property is suitable for a couple wanting to reposition their life, work for themselves and save some money for the future. The projected figures for 2022 and beyond are strong and your good work should be rewarded for many years to follow.

Don't hesitate, call me now and arrange a private inspection.

Turnover: $325,000 projected for 2022/23 Net Profit: $180,000 projected for 2022/23 (as provided by vendor)

Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2023ML (quote when enquiring)

Property Code: 4202

Tourism Brokers
Tourism Brokers
170 Scarborough St
Southport, QLD 4215

Property Highlights

Date Sold2 Nov 2022
Floor Area1 m²
Land Area1,386 m²
ParkingAsk Agent
Property ID2017879104
Category
Last updated  2 Nov 2022
Map for Miles QLD 4415
The "rollout status" and "service type" can connect to services over the nbn network but may require additional work to be completed first. On rare occasions, some premises cannot be connected.
Tourism Brokers
Tourism Brokers
170 Scarborough St
Southport, QLD 4215

Property Highlights

Date Sold2 Nov 2022
Floor Area1 m²
Land Area1,386 m²
ParkingAsk Agent
Property ID2017879104
Category
Last updated  2 Nov 2022

Listed by

Tony Johnson
Tony Johnson
Tourism Brokers
Call
0433 335 679

More about Miles QLD 4415

Miles QLD 4415 is categorized as Hotel, Motel, Pub & Leisure Property. It has a floor area of 1 m² and a land area of 1,386 m². The listing ID for this property is 2017879104.