Popular Boarding House Property for Sale - Amazing Location - Producing Up To $6,000 weekly income - Selling for $1,650,000 WIWO
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Here is an amazing and rare opportunity for hospitality-driven individuals or investors looking for a property that has it all!
The Star Inn is an institution in Mt Isa being located on over 2,000 square metres of prime CBD real estate. It is located opposite a major shopping centre and within strolling distance to restaurants and clubs. The building has recently been upgraded with new paint inside and out, new air conditioners and TV’s throughout and upgraded facilities. It consists on 30 boarding rooms that are booked out all year round.
The owner is in Sydney and there is currently an onsite manager looking after the day-to-day operations. The business currently returns $3000 - $6000 weekly from a mixture of permanent tenants and short-stay patrons. Mt Isa continues to grow and as more mining is developed so to the need for accommodation for fly in and fly out workers increase in demand. If you looking to get away from the hustle of city life, then this is the place for you.
While the business can be successfully run under management there is massive scope for growth under a hands-on owner with entrepreneurial flair. Mt Isa is home to one of the largest mining operations in the world with thousands of employees and is also a stopping point for those looking for top-end adventure.
The business could easily gross over $350,000 yearly. Currently it takes no more than one hour daily to operate the business. This would be ideal for an investor or owner operator who is looking for a flexible lifestyle to enjoy everyday activities plus earn a great income at the same time. The property is currently fully managed and is well booked in advanced to keep up with the demand of good accommodation.
Want to earn a good income and have the time to enjoy life? Looking for a good investment that will give you a great return? Then enquiry today and don’t miss out on this opportunity.
Features of the Business
- Iconic location in the heart of Mt Isa CBD
- Close to major shopping centres and local clubs and restaurants
- Recently refurbished including new air-conditioners and TV’s
- Easily operated by one person
- Massive scope for income growth
- Good profit margins and very low operating costs
- Turnover between $200,000 to $300,000 annually
This is a once in a once in a lifetime opportunity which has the potential to become a local icon. It is well-appointed with all the facilities and can be taken to the next level under the guidance of a seasoned entrepreneur or owner. Do not miss out before it’s too late! Call the number mentioned above.