Sold
Motel · Hamilton · LH004592
Raceways Motel has been relisted after a lengthy contract process. For personal reasons, the previous buyer terminated an unconditional contract that had passed through the financial verification, legal due diligence and bank finance approval. The buyers retirement and health has now become a priority and we have priced this property to sell. If you are looking for a smooth transaction with the security of knowing the contract will proceed smoothly through due diligence as it did for the previous contract then this is a great motel to consider.
29% ROI Motel in Brisbane - Last Unconditional Contract Fell Over
Raceways Motel has been relisted after a lengthy contract process. For personal reasons, the previous buyer terminated an unconditional contract that had passed through the financial verification, legal due diligence and bank finance approval. The buyers retirement and health has now become a priority and we have priced this property to sell. If you are looking for a smooth transaction with the security of knowing the contract will proceed smoothly through due diligence as it did for the previous contract then this is a great motel to consider.
- Net profit
- $144K
- Asking $499,000
- Status
- Sold
The business at a glance.
- Net profit of $144,384
- Opportunity for further growth
- Experienced contract cleaner staff in place
- Huge accommodation onsite for a family
- Recently extended lease to 25 years
- 29% ROI - unheard of in the Brisbane market
The asset, the manager unit, the location.
Hamilton, QLD
Hamilton, QLD
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