ROSSLEA QLD 4812
$200,000

DESCRIPTION

REDUCED!! $195,000 (leasehold)

Are you searching for a motel leasehold in the Townsville region? Look no further than the Banjo Paterson Motor Inn and Restaurant.

Located on Bowen Road's "Motel Strip", Banjo's leasehold includes 25 refurbished "pet friendly" units and a large, fully licensed restaurant (capacity approx. 40pp). The reception area is located in a separate office on entry, with CCTV video surveillance, internet, computers and software to operate the motel.

There has been an enormous amount of renovations completed on Banjo's in recent years, which will set you up for success as a new owner to improve financial returns with more focus on the restaurant/bar and occupancy.

For more detailed information or to arrange an inspection of Banjo Paterson Motor Inn and Restaurant, please contact Kirsten Lowis on 0488 900 619.

Why Townsville?
Basking in more than 300 days of sunshine each year and surrounded by a myriad of natural wonders, Townsville is a nature lover's paradise. Ideal for families, couples and friends to explore tropical islands, wetlands, the Great Barrier Reef, wet tropics rainforests and a glorious beachfront. No matter what your holiday style, Townsville offers you a diverse range of historical, military, outback, island, active and tranquil experiences.

Why Motels?
The benefits of buying a motel are numerous and each prospective motel owner has their own ideas of what interests them and what opportunities that they wish to pursue. It may be the quality and flexibility of lifestyle available, the high return on capital, potential for substantial capital gain, or a combination of all these..

Often a motel will be acquired on the basis of operating it for a few years, then selling on and changing industries. I've found however, that many sell on and then look for another motel, perhaps a larger motel, or one with a restaurant, or one with a higher turnover and profit. There is a large number of motel owners within the industry who have owned and operated many different motels over the years.

They have been very successful in the motel industry and enjoy a good working lifestyle whether it be on a full time or very part time basis.

(Verification of Financial Performance is available on request)

FOR MORE INFORMATION:
Kirsten Lowis
The RAAS Group
NORTH QUEENSLAND
P: +61 488 900 619