Great Motel on M1 Bruce Highway Gympie
A great opportunity awaits with this well managed popular leasehold motel on the Bruce Highway, Gympie.
Located on the south side of the town, opposite the beautiful park, duck ponds and the Tourist Information Centre, the motel includes a 30 seat conference / function facility, plus a 50 seat al a carte restaurant and bar.
The premises have a high net profit, with the ability to be further increased. The premises also have the capacity for functions and conferences. 32 units in the complex with 17 years still remaining on the lease.
There is also the opportunity to purchase the adjacent freehold real estate, which includes a house, office and shed which can be used as training facility.
This business, together with the option to purchase the neighbouring real estate, give a great opportunity for 2 families to be involved in the investment.
The opportunity awaits for a business savvy person to gain a business with accommodation, and reduced day to day living costs due to the restaurant etc.
Asking Price: $1,050,000