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Leasehold Motel With Restaurant & Residence - Georgetown...

Business for Sale
Georgetown QLD

This well-established 30-unit motel is the real deal, incorporating a licensed restaurant plus residence, and representing an excellent opportunity to make serious money. The Latara Motel is located

Price Price: $695,000 + SAV with new 30-year lease

Leasehold Motel With Restaurant & Residence - Georgetown, North QLD

Stock Included:
Stock Value:
Years Est:
Gross Revenue:
This well-established 30-unit motel is the real deal, incorporating a licensed restaurant plus residence, and representing an excellent opportunity to make serious money.

The Latara Motel is located in the rural Queensland community of Georgetown, and is already a popular stop-off for tourists and workers travelling from Karumba to the eastern sea board.

Georgetown is in Etheridge Shire, a region set to launch itself as Australia's first 'clean and green capital', with $4 billion of proposed development and green energy projects approved by council.

This 3.5-Star rated motel comprises 30 units, with a good mix of standard, deluxe and budget rooms, plus two villas.

An added bonus, given the potential growth of this area, is that planning approval for 16 more units is already in place.

This well organised business also includes a guest laundry, as well as a commercial laundry, with all linen owned and laundered onsite.
Accessed through an internal staircase from the motel, the upper level, air-conditioned owner's/manager's residence has 4 spacious bedrooms, 2 bathrooms, new kitchen, living area and a large veranda.

The motel has been upgraded over time, with new split-system air-conditioners currently being installed.

More features:
* Fully licensed, 45-seat restaurant plus bar, open 5 nights a week - 7 nights in tourist season
* Saltwater pool, extensive gardens, BBQ area, reception
* Ample parking for all guests, plus extra off-road space for trucks and boats
* Regular coach tours with 31 bookings so far for 2017

With only three owners since 1984, the current family has maintained a steady trading income over the last decade, and built a strong database of corporate travellers. Now it's time for a new owner to take it to the next level, through strong management and new business initiatives.

Contact Seller

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Coast to Coast Magazine
Buyer Matching Service
P: 1300 306 749

Bsale ID: 92412
CtoC ID: ctoc-sbus904




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