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Sold on 23 Sep 2021

Blackwater QLD 4717

  • Hotel, Motel, Pub & Leisure
  • 1 m²
  • Sold

2156ML - HUGE CASHFLOW BUSINESS IN VERY MODERN CORPORATE MOTEL, 35 ROOMS

    - Huge reward and conservative Net profit $300,000 plus expected

    - $245,198 for Jul-Dec 2020 (6 months)

    - Huge upside and growth opportunity going forward

    - 22 years remaining on the lease

    - 55% approximate average occupancy with considerable scope for growth

    - 4 star very low maintenance quality property

    - Currently run under management by a single person management team with support staff

    - 35 rooms comprising 21 Doubles, 11 Twins, 2 Family suites and one disabled unit.

    Highly regarded 4 star motel is approximately 14 years old and in perfect condition, set in a quiet street just off the Capricorn Highway.

    The restaurant is fully licensed with a separate formal bar, al fresco dining and seating for 60 people. It is supported by the commercial motel kitchen. Currently run with Chef and support staff, easily expanded, but currently a very profitable operation

    Opposite community park, Aquatic centre, adjoins retail strip shop with banking services and walking distance to CBD and all attractions including the $9m Blackwater International Coal Centre.

    Vibrant region with a diverse economy based on:

    - Robust and resilient agriculture and horticultural industries including beef, grain, cotton, grapes, melons and citrus.

    - Dynamic small to medium-size businesses.

    - Professional and government sectors

    - An evolving tourism market

    - Major health and education services.

    - Significant new infrastructure and construction projects

    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.

    Net Profit: $300,000 plus

    Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.

    Property ID: 2156ML

    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: 3729

    Michael Philpott
    Tourism Brokers
    Michael Philpott
    Tourism Brokers

    Property Highlights

    Property ID2016881953
    Date Sold23 Sep 2021
    Floor Area1 m²
    Land Area4,233 m²
    ParkingAsk Agent
    Virtual TourView Tour
    Category
    Last updated  23 Sep 2021
    Map for Blackwater QLD 4717
    Map for Blackwater QLD 4717Blackwater QLD 4717
    Michael Philpott
    Tourism Brokers
    Michael Philpott
    Tourism Brokers

    Property Highlights

    Property ID2016881953
    Date Sold23 Sep 2021
    Floor Area1 m²
    Land Area4,233 m²
    ParkingAsk Agent
    Virtual TourView Tour
    Category
    Last updated  23 Sep 2021
    Tourism Brokers
    170 Scarborough St Southport QLD 4215
    Michael Philpott
    Tourism Brokers
    Michael Philpott
    Tourism Brokers
    Michael Philpott

    Michael Philpott

    Tourism Brokers

    0433 *** ***
    0433 137 927

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