"CHARLEVILLES ONLY 4 STAR "ATIC" (formerly AAA) rated Motel!! The leasehold interest of a solid brick low maintenance 26 ground floor unit Motor Inn. All units have ensuites and split system air-conditioners in most rooms, FOXTEL, free WIFI, restaurant, guest laundry, easily managed landscaped grounds and an outstanding family friendly BBQ and covered pool area . The most outstanding feature of this motel is its superb residence that has a spacious fully ducted A/C system, 3 bedroom with a parents retreat, walk in wardrobe in main bedroom + built wardrobes in the other 2 bedrooms, office & storage space, formal dining room, lounge, kitchen & a private outdoor covered pergola. Additional features of this great residence (home) include 2 sheds & a fully fenced private back yard with plenty of room for pets & gardens. The current owners say" that a good residence is the key to providing a degree of separation between work & personal life". The property is conveniently located within a 1 minute drive from Charlevilles major tourist attraction, the "Cosmos Centre and Observatory". The motel is the major provider for corporate & government clients & has a very strong and loyal coach clientele & is the main provider for this industry. Winner of Star Ratings Australia "2017 GOLD LIST" for the Queensland Outback Region.
PP - $545,000
Turnover - $639,036 (20190
FOR THE PERIOD OCT.'18 - SEPT.'19 - $680,652
Annual Rental - $224,701
Occupancy - 50% approx.
Nett Profit - $244,000 AVERAGE FOR LAST 2 YEARS (2018 &2019)
Yield- 44.8% ROI