- Achieving in excess of 36% after addbacks (Detailed financials available).
- Food and Beverage only accounts for 11% of total Income.
- 89% Occupancy for 2022/23 FY to date with room to grow and add value. .
- Secure long lease with low sustainable rental.
- 65% direct bookings with only 20% OTA (Expedia and Booking.com) and 15% GDS.
- Exceptional quality 4 star Motel brilliantly positioned on main road with a strong business profile and street presence. Star rating assessment completed November 2022 with strong 4 star rating retained.
- 40 executive rooms ideal for corporate and leisure alike. Mix includes self-contained apartments and executive suites. All rooms are spacious and well appointed.
- Well diversified marketing mix with exceptionally high return loyal business.
- Resort style pool.
- Fantastic, licensed restaurant and bar with alfresco area overlooking pool (Outdoor and indoor seating areas). Generally, inhouse guests only.
- Conference area is well serviced and spacious with direct access off reception and rear access from kitchen and restaurant areas.
- Currently fully run under management with a team that would like to stay on for the longer term and continue to bolster the business. Exceptional quality long term and reliable staff.
- Rendered block construction under tile roof.
- Rare, huge four bedroom executive/family size residence with private balcony. Direct access off reception, behind counter and seperate access area as well.
- Popular location, 5 minutes to the airport, hospital, and CBD with 200m walk to shopping services. Stroll to the Mackay town centre in just 30 minutes.
- A business you will be proud to own with upgrade works recently completed.
Net Profit: $536,959 for 2021/22
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2691ML (quote when enquiring)
Property Code: 4294
