Proudly supported by all of the industry's leading brokers
Amazing Freehold Motel in Prime Gold Coast Location
$4,800,000
Motel (Freehold) hospitality, Greater Gold Coast Region
- Net profit of $324,963 from motel business
- Spacious 3-bedroom coastal residence
- Future 15-story high-rise development potential
This modern, well-maintained motel features 13 guest rooms, including 10 luxury queen rooms and 3 family rooms, all newly renovated and in excellent condition. The property offers ample parking and a professional reception office, ensuring convenience for both guests and management.
The double-story managers private residence includes 3 bedrooms, 2.5 bathrooms, a private courtyard, and open-plan dining and lounge areas, with some water views and 1+1 car spaces for added convenience.
Situated in a high-density residential zone, allowing for future development up to 53 meters, this property offers exceptional long-term investment potential. Its central Gold Coast location places it close to beaches, parks, major shopping centres, public transport, shops, and restaurants, making it highly desirable for both guests and investors.
This is a rare opportunity to earn a strong income, enjoy a spacious residence, and secure a high-growth property with massive development potential. With future upsize potential in business income, property appreciation, and high-rise redevelopment, now is the time to act before interest rates drop again.
Call Bill He on 0 today to secure this opportunity and avoid tomorrows regrets - history has shown that hesitation often leads to missed chances!
More Information
- Total Purchase Price: $4,800,000
- Net Income: $ 324,963
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 14.8
This is the approximate number of years the business' revenue would pay for the business component.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Are there any set office hours stipulated in the contract?
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?