2419MF - 23 unit Freehold Motel - Scope for 20 More Units (43 in total)
- Long established 23 unit motel on extra large grounds - 6,569m2.
- Licensed restaurant 120 seat, Conference room 180m2.
- In ground pool, spa barbeque, covered entertaining.
- Draft design for additional 20 units on site.
- Opposite large League's Club, adjoins huge shopping centre.
- First motel on southern approach to semi coastal town.
This well established motel has strong repeat trade and offers new owners the opportunity to build an additional 20 ground floor units to expand and capitalise on the existing infrastructure.
The motel is well located being the first on the southern approach into town and directly opposite the largest league's club in town. it also adjoins the Sugarland's Shopping Centre with Coles as major tenant. Bundaberg is definitely in need of new high quality accommodation and with the existing large licensed restaurant plus large conference facility this provides an excellent base to expand.
Net profit $296,665 for 2015/16
Contact Mark Tuck from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2419MF (quote when enquiring)
Location:Bundaberg is a progressive cosmopolitan city and part of a vibrant diverse region just four hours north of Brisbane. Situated at the southern tip of the Great Barrier Reef, and enjoying the world's most superb climate, Bundaberg is a provincial hub renowned for the friendliness of its residents, its limitless economic opportunities and a genuinely affordable cost of living.
The Bundaberg region is located in the heart of a rich sugar and horticultural belt supported by a growing manufacturing sector. In fact, Bundaberg produces one fifth of Queensland's sugar crop and the city is surrounded by a green sea of rich sugar cane and many farms growing Australia's finest small crops. The city plays a significant role in global manufacture and industry, being home of 'the famous Aussie Spirit', Bundaberg Rum, leading drinks manufacturer Bundaberg Brewed Drinks, diversified agricultural corporation Bundaberg Sugar, and many others of international recognition.
Abundant potential exists for a new wave of investment opportunities, given the close proximity to South East Queensland, and the excellent water, transport and other infrastructure in place. Bundaberg welcomes tourists and residents wishing to raise a family or retire - vast opportunities await you.
Property Code: 1601