Businesses for Sale

Buy your next business via bsale
My Account: Sign In

Leasehold Motel With Restaurant & Residence

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 locate

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

Leasehold Motel With Restaurant & Residence

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

Contact: Tracey North
Phone: 1300 306 749

Bsale ID: 93338
Agent ID: 2997997




Similar businesses for sale that may interest you:

Motel Plus Residence Plus Vacant Blocks On 3 Titles - Cl...

Cloncurry, Coastal North, QLD Business for Sale Freehold $900,000 plus

With millions of dollars committed to economic development and jobs in the area, a savvy investor will see the huge potential in this business, house and land package in Cloncurry. As Cloncurry gets r

Accommodation, Tourism, Management Rights Bsale ID 92338

Freehold Hotel with Accommodation + Block of Land

Croydon, Coastal North, QLD Business for Sale $980,000

This long established business is perfectly set-up to cash in.Sitting 170km inland from Karumba, and 480km from Townsville, Croydon is attracting an increasing number of tourists, keen to enjoy a true

Accommodation, Tourism, Management Rights Bsale ID 85711

Freehold Caravan and Cabin Park - Atherton Tablelands, Q...

Mount Garnet, Coastal North, QLD Business for Sale Price: $550,000 negotiable

This award-winning freehold travellers park at Mount Garnet has been established for 15 years due to its popularity with travellers and tourists. Winner of the 2006 Garden Competition Award, Mt Garnet

Accommodation, Tourism, Management Rights Bsale ID 97456

Sign Up

Send this post to a friend