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Motel business for sale in Atherton

  • Motel
  • 44 Cook Street Atherton QLD 4883
  • $720,000 (GST na)

Motel business for sale in Atherton North QLD

Well-known 17 room Motel with a Good mix of clientele.
- Very Good Occupancy and turnover.
- Would benefit from owner operators.
- Parking for coaches and transport vehicles alike.
Consisting of 17 rooms, with room serviced meals for dinner and breakfast. This motel offers a great opportunity for new owners to take it to the next level.
Over the last couple of years, 5 rooms have been fully refurbished including the bathrooms.
The lease has 24 years to run with occupancy rates improving, there is a lot of upside to improve trade. The Atherton Tablelands is buzzing in the Accommodation industry. Driven by Tourism, Corporate Clientele, the new Wind Farm, a Solar Farm development at nearby Tolga, a Sugar Mill Power Station and the upcoming Atherton Hospital expansion development. Atherton is in the midst of Sugar Cane, Dairy and Beef Cattle country. Blueberries, Avocados and Mango are major crops along with many other fruit and vegetable developments.
The owner's residence can be your choice of a Two-bedroom Apartment or an open plan Studio tucked away for privacy.Presently, the two Bedroom Apartment is used as Motel accommodation.
Adjusted Net profit $272,257.00 for 2018/19
Annual Occupancy 2018/2019 - 80%
ROI 37.8%
Contact John Napier on 0412 777304 for further information or to arrange an inspection.
Location: This well-known Motel is prominently located close to the town centre. It is only a 10 minute walk to all of Atherton's major town attractions, shops and tourist sites. Nestled on over 10 000 square metres of land on a corner site it has high visibility and easy access from the main northern, eastern and southern approach into the Atherton CBD.
A Woolworth's supermarket, Target, Big W and a number of other shops are only about 400 metres away. With the Atherton Hospital within walking distance also located across the road from the motel is a children's playground and an environmental park that features a self-guided walking track to Halloran's Hill lookout. This motel has long been established and recognized in the town.

Business Highlights

Business ID2015441714
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ParkingAsk Business Broker
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Last updated  13 Jul 2019
Map for 44 Cook Street Atherton QLD 488344 Cook Street Atherton QLD 4883
Private Advertiser 88 Pyrmont NSW 2009

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