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Prime Leasehold Motel Opportunity in Mareeba â 4.5-Star Rated, 90%+ Occupancy
Expression of Interest
Motel (Leasehold) hospitality, Mareeba QLD
Accommodation:
Total Rooms: 26
Room Types: Family rooms, Queen rooms, and 1 self-contained 2-bedroom unit with a kitchen.
Room Features:
All rooms feature new queen mattresses, microwaves, tea/coffee facilities, refrigerators, and large TVs.
Air conditioning in every room, with all units replaced within the last 5 years.
New vinyl floor planks installed in each room.
Carports outside each unit, providing ample space for vehicles.
Facilities:
Pool: Large, fully tiled pool for guest use.
Conference Room: Seating for 45 people, equipped with an overhead projector. Frequently booked for events, with lunch service available on request.
Guest Laundry: 2 coin-operated washers and 2 dryers.
On-Site Laundry: Latest commercial washer and dryer for towels and bath mats. Bed linen is laundered off-site.
Wi-Fi & Foxtel: Available in all rooms.
Dining:
Breakfast Options: Cooked or continental breakfast delivered to rooms, or cooked buffet-style for bus tours and large groups served in the conference room.
Commercial Kitchen: Fully equipped with modern appliances, including a walk-in cold room, all in top condition.
Additional Features:
Maintenance: Large 2-door garage housing all maintenance equipment, including a new ride-on mower.
Backup Power: Self-starting diesel generator capable of powering the entire motel.
Managers Accommodation: Spacious 4-bedroom, air-conditioned unit above the office, featuring an ensuite and bathroom.
Location & Market:
Mareeba: A thriving town with a population of 24,000, known for its tropical agriculture (mangoes, sugar cane, bananas, pineapples, etc.).
Positioning: Mareeba is the last major town when traveling up the Cape, making it a strategic stop for travellers.
Guest Demographics:
Diverse clientele including bus tours, business travellers, government personnel, agricultural workers, indigenous guests, tourists, and long-term stays.
Occupancy & Rates:
Occupancy: Consistently over 90% for most of the year, with slower periods in January and February.
Room Rate:
175 per night, plus18 for each additional person.
Property Condition:
The motel is in excellent condition, both inside and out, with plenty of outdoor space and off-street parking, including space for semi-trailers and additional vehicles.
This is a well-maintained, high-performing motel with a strong reputation as the best in town, boasting a 4.5-star rating. Perfect for buyers seeking a turnkey operation in a thriving location.
For further inquiries or to arrange an inspection, please dont hesitate to contact 0404 331 310.
More Information
- Total Purchase Price: Expression of Interest
- Net Income: $ 431,441
(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: undisclosed
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?