Motel business for sale in Blackwater
- Blackwater QLD 4717
- Freehold $950,000
1965MF - Excellent Opportunity, Significant Upside, 23.8% Return
The motel offers 21 ground floor well-appointed rooms all with undercover parking plus a two bedroom apartment located above reception.
There is also a commercial kitchen and restaurant that presently are not in use, offering plenty of potential for an owner operator.
The motel is set on 2,037m2 and is well established and maintained; it has been operated under management for many years.
This is an excellent opportunity for the freehold buyer to acquire a business with significant upside.
Net profit $226,304 for 2018/19
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1965MF (quote when enquiring)
Location: Blackwater is known as the Coal Capital of Queensland and the newly built, $9m Blackwater International Coal Centre showcases the Central Highlands Coal Industry for the world. The coal mines each year around Blackwater produce millions of tonnes of coking and steaming coal. The coking coal is exported to Japan, Italy, the United Kingdom, Holland, France, Spain, Greece, Chile and many other countries, while the steaming coal produced is used for power generation within Queensland.
The region is rich in minerals and agriculture, thriving on irrigation sourced from water storage on the Nogoa and Comet rivers. It claims the largest sapphire-producing fields in the Southern Hemisphere.
Major freight routes through the region include the north-south link between Charters Towers and northern New South Wales - identified as the inland transport alternative between Cairns and Melbourne.
Property Code: 2115
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|Last updated||8 Jul 2019|