265 Bourbong Street

Bundaberg West QLD 4670

The property;
It's all about location and this property is across the road from the beautiful Burnett River with it's famous river walkway and nearby small zoo.

There are 17 units comprising of;
14 double rooms (8 rooms with a queen and single, 5 rooms with queen),
3 normal family rooms with queen and two singles in each
1 superior room with a queen, 4 singles and a new full kitchen. This room can be closed off to half size depending on number of family members.

The property straddles two titles. There are 120 solar panels on the roof to help minimise electricity costs.

Facilities include a laundry, motel kitchen and garage.

During the past two years, the owner has spent $150,000 on room renovations including soft furnishings, a kitchen in the apartment room and bathroom updates. The pathways were also upgraded to be non-slip. He is now refurbishing the 2 bedroom manager's residence.

The property also has an appealing pool for clients to beat the summer heat and entertain their kids before eating out at the surrounding mass of food venues ranging from takeaways to restaurants.

The numbers;
You will find revenue and occupancy dramatically accelerating as families return in droves. This much loved tourist trade ads strongly to the hospital visitors, regular sales reps and other clientele. The property occupancy is approximately 62% and growing since the Qld borders were re-opened.

The first three months of this financial year is showing the business to be tracking towards $330,000 net profit.

This is your pick in freehold whether you are looking for growth in ROI or capital. A motel that provides you with a lifestyle as well as strong income. Alternatively, you can just appreciate the value of a great location.

The asking price is $2.1 million (Two million, one hundred thousand). You will need to be quick as there isn't a lot of freehold motel property available especially, if looking for something with strong upsides.