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Busy Management Rights Motel Toowoomba SS

$599,000.00 WIWO

  • ID Ref 7014
  • Suburb Toowoomba
  • State QLD
  • Status For Sale
  • Busy Management Rights Motel Toowoomba SS

Business Description

This Management rights business for sale in Toowoomba is an absolute gem of a business. It is the ideal family or couples business but can also be run by one person. It is located in the heart of the Toowoomba city and right next door to the main Toowoomba public hospital. It even has its own direct access to the hospital grounds. The complex is in good condition and a very easily run and managed business. The complex was constructed in the 1990s and is a short term stay complex (not permanents) which enables it to attract exceptional earnings per unit with a high occupancy rate.

Complex/Management rights features:

* Complex consists of 11 units (inc. managers unit)
* 10 in the letting pool, can be 11 if you do not live on site as office is separate.
* All 2 Bedroom fully self contained, Air conditioning, private court yard with each unit and single garage.
* Some units have solar power.
* Very easily managed complex with progressive Body corporate.
* Unit 11 is the managers Freehold Unit included in the sale and is 3 Bedroom with separate office.
* Rent per unit $120.00 to $150.00 per night.
* Great income with healthy Body corporate salary
* Solid Management rights agreement and Caretaking agreement in place (10 year term exp. Nov 2023).
* Excellent fee structure with growth opportunities
* Some minor Real Estate licensing is required.
* Cleaning staff are in place and lend assistance to owner if he is away.

This is an outstanding but rare Management rights opportunity in a beautiful regional city with close proximity to Brisbane, Gold Coast and the Sunshine Coast. It provides a great balance between easily managed work with the lifestyle options of a regional town and could easily be combined with another accommodation business or an addition to another income source.
For genuine enquiries please call Stuart Stephenson on 0419 967 882 today.

Business Features / Snapshot

Managers Unit

    Financial Snapshot

      Complex Information

      • Total Letting Pool: 1

      Your Business Broker

      Stuart Stephenson

      Business Location

      Toowoomba, Queensland 4350