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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Property Code: 1180
