Sold
The Best in Biloela
Looking for one of the best in the west? At $599,000 and yielding a net profit of $248,000 (plus free-living), this leasehold on Biloela Palms Motor Inn is the greatest opportunity ResortBrokers has seen on its books in a long time. This 25-unit motel, with well-appointed rooms, currently enjoys a 68% occupancy and has fantastic forward bookings. Boasting the same owner for the past 21 years, and with a new 35-year lease, bring your broom and move right in.
Looking for one of the best in the west? At $599,000 and yielding a net profit of $248,000 (plus free-living), this leasehold on Biloela Palms Motor Inn is the greatest opportunity ResortBrokers has seen on its books in a long time. This 25-unit motel, with well-appointed rooms, currently enjoys a 68% occupancy and has fantastic forward bookings. Boasting the same owner for the past 21 years, and with a new 35-year lease, bring your broom and move right in.
- Net profit
- $248K
- Asking $599,000
- Status
- Sold
The business at a glance.
- New 35-year lease (negotiable)
- Spacious three-bedroom living accommodation
- Decommissioned restaurant - could easily be recommissioned to start offering meals with a capacity for 50 seats
- Fantastic forward bookings – consistent return clientele
- Highly visible highway location
- Bustling Central Queensland hub
- Property inspections are by appointment only
The asset, the manager unit, the location.
Biloela, QLD
Biloela, QLD
Talk to the broker.
Ask about similar properties
Ian Crooks
Chairman
0411 171 648
07 3878 3999
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