HIGH YIELD LEASEHOLD BILOELA QLD - 2094ML

• 29 unit motel with strong trading results.

• High profile location on the edge of CBD.

• 29 years remaining on the lease from February 2025.

• Licensed restaurant with private bar area (currently closed).

• Accommodation in Biloela at an all-time high. To continue for the next 10 years.

• Well maintained motel with renovations and upgrades over the last 10 years.

• Three bedroom managers residence, inground pool, barbeque area.

• Ideal business for owners or investors alike.

• High net return on investment.

• Rent ratio well below industry averages.

On offer is a very busy 29-unit motel in Biloela, where demand for accommodation is at an all-time high and will continue for the next 10 years.

Currently the motel has bookings with a number of companies taking the majority of the motel rooms nightly. These contracts provide solid bookings for the next 12 months and beyond.

Biloela has five major wind farms planned for construction over the next 10 years and local council planning is indicating a shortfall of accommodation throughout the town and region.

The motel was refurbished over the last 10 years with all bathrooms upgraded, rooms repainted, new carpet and replacement of all furniture. In recent years all televisions and many A/C units have been replaced.

Adjusted Net Profit: $620,878 for 2024/25 (as provided by vendor)

Contact Richard O'Connell from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2094ML (quote when enquiring)

Property Code: 5250