Motel · Lakeland · FH007047
This is your great opportunity to purchase the freehold going concern of the historic and iconic Palmer River Roadhouse. The business has returned to pre-Covid trading levels and is well placed to take advantage of the expected surge in growth of the regional domestic tourism market. Featuring a strong diversified income mix from accommodation, fuel and food & beverage, the business has established a consistent trading pattern for many years. The owners have invested significantly in a capital sense to the property over the past 5 years, providing the new owner with the opportunity to move in and not having to spend any funds on improvements. This is a terrific opportunity to enter the freehold market in the growing far north Queensland market.
The numbers.
Lakeland.
The deal in one paragraph.
This asset has settled. The page is preserved as a case study — the strategy, the buyer pool, the time-to-close and the multiplier are kept on record. The broker who placed it is the same one who'll discuss similar opportunities with you.
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