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COOKTOWN, QLD
Leasehold or Freehold Motel for Sale in Cooktown QLD only $1.600.000 PRIVATE SALES
Cooktown, QLD, 4895
Accommodation/tourism · Motel
1,600,000
We present a fantastic opportunity for motel investors or operators Our 33 room -motel offers various type of rooms from self-contained Villa to Triple, Queen, Single rooms. Whether you are entering in the industry or an experienced operator, this motel is perfect property to give you high return on your investment. * Sits on 4,054 m² land. * 8 x Self Contained Villa. * 11 x Double, Queen and Triple room with ensuite. * 15 x Double room with Share Bathroom. * Communal Bathroom and Kitchen * Pool, nice garden * Plenty of parking. * Free WIFI * 2 Bedroom Manager`s Unit * FY Sales Rev 2024-2025 is $705.898, Net Rev: $506.027 with management fee, occ: 61.07%, Projected forecast 2025 - 2026 is 750K * Higher Net revenue with owner operator. ROI over 30%. * Large land allows 30 more cabins for long tern tenancy ($450PW). This will double your revenue. Leasehold sales price $1.600.000 , 20 years lease. Freehold sales price $4.700.000 We have other properties for sale in the area. Call Nick Ozdemir on 0428 494 820
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