Address available on request,
Normanton, QLD 4890
Hotel, Motel & Leisure
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Far North Qld Leasehold Motel & Caravan Park
Located in Normanton in Far North Queensland, the Gulfland Motel & Caravan Park presents an excellent opportunity for an astute investor to take advantage of high returns driven by the increasing number of tourists to the outback region.
Set on 3.85 acres, the Businesses improvements include:
• 28 Air-Conditioned Motel Rooms
• 40 Powered Sites
• Licensed 50 Seat Restaurant
• Amenities
• Laundry
• Camp Kitchen & BBQ Area
• 4 Bedroom Residence
• Office
• Pool
• Town Water and Sewerage
• Landscaped Surrounds
The current lease term is through to July 2019 with 2 x 5 year options (through to July 2029) - approx 15 years remaining.
This Leasehold Motel & Caravan Park offers a tremendous opportunity with exceptional returns. FY14 is projected to show a Turnover of approx $600,000 and expected Net in the range of $170,000 (56% return on asking price). Previous years Net Profit was $171,240.
Set on 3.85 acres, the Businesses improvements include:
• 28 Air-Conditioned Motel Rooms
• 40 Powered Sites
• Licensed 50 Seat Restaurant
• Amenities
• Laundry
• Camp Kitchen & BBQ Area
• 4 Bedroom Residence
• Office
• Pool
• Town Water and Sewerage
• Landscaped Surrounds
The current lease term is through to July 2019 with 2 x 5 year options (through to July 2029) - approx 15 years remaining.
This Leasehold Motel & Caravan Park offers a tremendous opportunity with exceptional returns. FY14 is projected to show a Turnover of approx $600,000 and expected Net in the range of $170,000 (56% return on asking price). Previous years Net Profit was $171,240.
Property ID: 501052231Last Updated: 5 Sep 2014
Address available on request
Normanton, QLD 4890
Queensland Tourism & Hospitality Brokers - Mackay56 Gordon Street
MACKAY, QLD 4740
MACKAY, QLD 4740
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