Profitable, Freehold Motel Tropical Gardens Bundaberg - Ref ID: 3070
|Tenure||Freehold 6,569 sqm.|
|Asking Price||$3.64M +SAV|
|Description||This amazing investment opportunity provides a 23 suit freehold motel situated on the main arterial road into Bundaberg. It is only 5 mins from the CBD and 1 min from the airport. Therefore, this motel is the logical stopover for all visitors to the area. Furthermore, the motel is located in close proximity to the new Bundaberg Showgrounds where many large events are held. This is ideal given that event operators are more likely to book this accommodation venue above all others. The motel itself is well presented and offers redevelopment or expansion potential. We have even included plans showing there is the ability to effectively more than double the number of rooms onsite.|
|Suitability||Motel or property investors|
|Employees||3 x casuals|
|Reason for Sale||Retirement|
|Other||The motel has many regular clients from groups such as trades people, maintenance workers, Government organisations and regular visitors from the surrounding district. This motel also offers a large wedding and function facility, complete with bar, commercial kitchen and outdoor entertaining area that is not fully utilised and therefore offers addition income potential.|
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