1931MF - Here's an Opportunity, Freehold Motel Big Upside
- Great starter motel 11 rooms
- Affordable freehold
- Fully refurbished in last 5 years
- Currently being run at nowhere near full capacity
- Very comfortable 3 bedroom residence
- Renowned motel town
- Massive upside, ask me why then come and take a look
The Kalua Motel is situated on the north side of the Burnett river in Bundaberg, just a short walk to eateries, local pub and IGA.
Fully refurbished over the last five years, including the residence the motel presents in a nearly new condition. Easily run by a single person or a couple this motel has the potential to be the perfect starter motel or an ideal semi-retirement option.
Currently being run at the owners own pace and discretion that has led to lower returns as they wind down ready for retirement. However herein lies the opportunity, operate at full steam, takings will rise substantially, the improved bottom line will provide an excellent income and the capital value will rise with it.
But there's more, there are extra rooms that can be used to further enhance the returns. With current occupancy at below 40% because the owners want it that way, bring this level to 60% or higher would ensure that turnover increases by approximately 50% making this an opportunity not to miss.
Bundaberg is a good motel town with sustainable tariffs, has good infrastructure, an airport and all the major services that you could want.
Give me a call today, this motel is worth looking at.
Net Profit $73,869 for 2016/17
Contact Mark Tuck from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1931MF (quote when enquiring)
Property Code: 2808