We are pleased to have been appointed as Brokers to market the leasehold interest of the Caboolture Motel.
The Caboolture Motel is a family owned 3 1/2 star motel, offering spacious ground floor units all with ensuite bathrooms. The motel offers a variety of rooms to accommodate all requirements; with a total of 34 units spaced out over four motel blocks.
Additionally, there is a fully self contained cottage which the current owners have long term let.
The Motel is centrally located and has recently been refurbished by the current owners.
It presents in excellent condition and has rising occupancy.
The Vendor has advised that they have just secured a contract that will commence in March 2018 and run for 10 months.
This will guarantee income of over $225,000 and will increase the net profit by over $150,000 to give a net profit of over $400,000!!!