18 Room Motel in Bundaberg - Fantastic Leasehold Opportunity
Property ID 1848067• 17 motel rooms + 1 self-contained apartment
• Large modern managers quarters
• Fantastic location, off main thoroughfare to city
• Pool onsite, nearby parks, zoo and restaurants
• Lengthy 18 year lease on offer
The Alexandra Park Motor Inn is one of the best performing motels in the lucrative Bundaberg market. The occupancy rate sits at 80% across 18 rooms for the current financial year. This is an increase from a 79% occupancy rate for the bumper 2016/2017 period.
The current operator can demonstrate a clear history of high financial returns. Prospective buyers can secure a profitable, well-established business with a loyal customer base and consistent trade across the different seasons.
The property is situated opposite Alexandra Park and the Burnett River, avoiding the noise of the main street while remaining walking distance from the CBD. This is a major selling point against comparably priced motels in Bundaberg.
All beds, room furniture and appliances have been replaced in the previous 12-months. The office, 2-bedroom manager quarters and pool area have been recently renovated. Twenty new split system air-conditioners have been added to the premises since 2014.
The motel has an outstanding online presence. A new website (www.alexandras.com.au) was created in 2016, generating much higher traffic and direct bookings. The business has high ratings on Trip Advisor and the various accommodation websites.
The price is right, and the owner is motivated to sell. Make sure you arrange an inspection to avoid disappointment!
Contact Driss Doukari on 0410516309 for all update information about this property.