Easy to run Leasehold Motel in booming Collinsville QLD | Resort Brokers ID : LH008119
$450,000
Motel (Leasehold) hospitality, Collinsville QLD
ResortBrokers offers the opportunity to purchase the leasehold aspect to the well-established, easy-to-manage Collinsville Motel in a thriving resources town, comprising 24 well-maintained rooms popular with corporate clients and short-term stays.
- Long-term investment with a 26-year remaining lease
- Highly attractive investment in high growth town
- Exceptionally maintained property upholding a high standard
- Strategically located adjacent to the Collinsville showgrounds
- Situated in a resource-rich town with significant development activity in alternative power options
- Effortless management with a well-structured property
- Inspections are by appointment only
Date updated: 21 Apr 2024 23:00:08
More Information
- Total Purchase Price: $450,000
- Net Income: $ 123,445
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
This is the approximate number of years the business' revenue would pay for the business component.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Are there any set office hours stipulated in the contract?
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?