Freehold Motel Netting 20%

West Coast - Tasmania

Impressive 20% Net profit and still showing strong growth with this multi-faceted property.

- 24 room motel
- Freshly repainted
- Rooms catering for many different guest types
- Restaurant with bar
- Large commercial kitchen
- Commercial and public Laundromat
- 2 bedroom owners flat
- Ample off street guest parking

The Motor Lodge is situated in the centre of Queenstown on Tasmania's West Coast.

It has been doing a great turnover in recent years and is showing a strong bottom line with very impressive growth.

The current owners have recently had the property fully repainted and maintenance has been kept well up to date.

The commercial laundry and Laundromat has been operating for 2 years and shows a very solid return with contracts in place.

This very profitable business could be easily operated as a family or partnership venture or as a passive investment.

The Facts

$1,495,000
Freehold and business
REF
T1227

Operating Status
Operating
Tourism Region
West Coast, Tasmania
Guest Bedrooms
24

Guest Bathrooms
24

Owner Bedrooms
2

Owner Bathrooms
1

AAA Rating
3 Star

Financials
Available on Request

Land Size (approx)
1,660 sqm

Inspection: By appointment only