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Accommodation & Tourism Businesses for Sale in Atherton, QLD

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Accommodation/Tourism
ATHERTON, QLD
UNDER OFFER/CONTRACT
Perfect Motel to grow your accommodation business
Atherton, QLD, 4883
Accommodation/tourism · Motel
$730,000
Do Not Miss Out on this great motel that delivers strong income but still has growth potential for the new owner!One of only two motels in Atherton, this well-established leasehold business offers long lease security, strong occupancy and genuine opportunities to grow profits. Key Investment HighlightsAsking Price: $730k (neg) Net Profit: Over $224k adjusted Return on Investment: 30% 17 Motel Rooms 27 Years Remaining on LeasePositioned directly opposite Atherton Hospital and only moments from the town centre, this 17-room motel enjoys strong repeat corporate and tourist trade with consistent occupancy and excellent forward bookings.The current owners have invested heavily into upgrading and modernising the property over recent years, creating a highly efficient and largely automated operation with minimal ongoing capital expenditure anticipated.Key improvements include: Refurbishment of 5 guest rooms and 1 two-bedroom apartment New bathrooms, furniture and fittings New roof New CCTV system New commercial laundry equipment Full repaint of motel frontage and doors Numerous operational and equipment upgrades throughoutThe business currently operates with a simple staffing structure consisting of casual cleaners only, with automated check-in systems significantly reducing front desk requirements.Features include: Long 27-year lease tenure Strong occupancy averaging approximately 79% Average room rate approximately $155 per night (inc) Consistent corporate, hospital and tourism trade Opposite Atherton Hospital Easy-to-operate business model Managers residence included Opportunity to improve margins through increased direct bookings Further upside through meal service or expanded guest offerings Strong forward bookings exceeding $140,000The motel was originally operated successfully by a husband-and-wife team with minimal staff involvement, providing flexibility for incoming owners to tailor operations to suit their preferred lifestyle and management style.The current owners also heavily utilise Online Travel Agents for bookings, presenting a clear opportunity for incoming operators to improve profitability by increasing direct bookings and reducing commission costs.Regional leasehold motels with long tenure, strong occupancy and limited competition remain tightly held and highly sought after.Inspection strictly by appointment only.
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