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 located

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 - Freehold - Investment - Opportunity

Coastal North, QLD Business for Sale $600,000.00

Motel - Freehold - Investment - Queensland North Coast - Agent SBX Code Number: CB1302 Freehold airconditioned motel with lease in place and with 12 ensuite guest rooms, plus another r...

Accommodation, Tourism, Management Rights Bsale ID 153045
NEW

Mt Molloy National Hotel, Freehold, Pub & Restaurant

CAIRNS, Coastal North, QLD Business for Sale Asking Price $750,000 + Stock

Mt Molloy National Hotel is a two-story old Queenslander hotel situated on the Atherton Tablelands in Far North Queensland. The exterior of this two-storey hotel has remained almost unaltered for over

Accommodation, Tourism, Management Rights Bsale ID 157153
UPDATED

Famous Garradunga Hotel on 4.8 Acres with 4 Titles

Garradunga, Coastal North, QLD Business for Sale $925,000 Negotiable

Voted amongst the top 10 most well known hotels in Australia by the ABC, it's time for a lucky new owner to call the historic Garradunga Hotel home. This small, friendly community in Queensland's Far

Accommodation, Tourism, Management Rights Bsale ID 84313

Sign Up

Send this post to a friend