ANNERLEY

Withdrawn

$4,750,000

Property Details

20 beds 20 baths

Whatever you call it: CASH COW OR MONEY MAKER!

This is the golden opportunity for investors with a VISION.
Three years new, this modern motel boasts 20 rooms of different sizes and needs from budget studio double, twin to triple or quad for 4 people, in a perfect location only 3 km from the CBD. Next to PA Hospital, shops, transport, biggest medical research centre in the southern hemisphere near completion, UQ via Green Bridge, Mater Hospital, Gabba Cricket Ground and Clem 7 Tunnel to North side, F3 motorway to the Gold Coast.
With an artistic interior decoration in every room with phone, free internet access, Foxtel TV, outdoor relaxing corner with nice setting, some rooms having their own deck , NO WONDER THE AVERAGE OCCUPANCY IS OVER 75% .
Accountant's statement show a net profit of 9.5 % return.
Management goes easy and smoothly with new software for hospitality installed. Most bookings are made through the internet.
Owner is moving overseas and gives clear instructions to SELL!

Key Features:
  • Close to Shops
  • Close to Transport
  • Modern Motel
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