Address available on request Gatton, QLD 4343
Reduced Leasehold $495,000
2473ML - ALL OFFERS WILL BE CONSIDERED
- Located in Lockyer Valley - the Salad bowl of Queensland.
- Consistent performer with heaps of repeat business.
- Walk to all amenities, shops, hotels, food outlets, CBD.
- Close to Queensland University - Gatton Campus.
- Present operators in the process of upgrading to front office computer bookings.
After 13 years the owners are tired and are looking for a break. Accordingly they have reduced the property to a very competitive price. This presents an exceptional opportunity for the asute buyer.
With 27 years remaining on the lease (from June 2018) and an exceptional bottom line, in a thriving township this motel is ideal for a first-time operator, or an experienced motelier. Located right in the middle of town just 1 hour from Brisbane and half an hour from Toowoomba this business ticks all the boxes.
All bathrooms have been recently upgraded, several air conditioners replaced, and several rooms painted and carpeted and new bitumen laid in the carpark just two years ago, there is little work required on this one. The new owner can step in and start making money.
Net profit $141,788 for 2017/18 (as provided by vendor)
Contact Mark Tuck from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2473ML (quote when enquiring)
Location: Gatton is the largest town and business centre of the Lockyer Valley, located 90 km west of Brisbane between Ipswich and Toowoomba. It is a progressive and vibrant town centred around primary production and agriculture and an important service centre for vegetables which are sent to the Brisbane markets. The district also produces lucerne hay and dairy cattle - all prosper on the rich, black soils of the Lockyer Plains. Gatton has a culturally diverse population of approximately 7,000 and enjoys a laidback, country lifestyle. The town is dependent on the local farming community, supplying machinery, parts, irrigation equipment as well as essential products and services.
For the visitor, Gatton has everything required for a comfortable stay and makes Gatton a convenient base to explore the surrounding area. It has a comprehensive shopping area including Gatton Plaza, golf, bowling, aquatic centre and horse racing venues, a showground, a hospital, three primary schools, a State high school, numerous churches, a heritage museum and a civic centre. The showground includes an indoor sports centre, and basketball and tennis courts. The agricultural college, a campus of The University of Queensland, is east of the town, and includes veterinary teaching and research facilities.
Property Code: 2183
Property ID: 502248862Last Updated: 26 Jul 2019