FREEHOLD or LEASEHOLD MOTEL IN CAPE YORK PENINSULA

Industry: Professional - All, Professional - Brokerage, Professional - Internet, Professional - Property/Real Estate, Technology - Online Services, Professional - All, Professional - Brokerage, Professional - Internet, Professional - Property/Real Estate, Technology - Online Services | Listed by: No Agent Business


Key Strengths:


About the business

Phone enquiries - please quote property ID 28731.

Golden opportunity to purchase a FREEHOLD or alternatively a LEASEHOLD Motel which is currently run under management, situated in the Cape York Peninsula, Qld. The motel has 10 guest rooms for long and short-term stays and a comfortable caretakers residence.

THE OWNER IS OFFERING A REAL PROFIT MAKING BUSINESS TURNING OVER UPWARDS OF $400,000 PER YEAR.

DETAILS:
* One title - total land 2181m2
* Two buildings. Building 1 is 216m2 and the second 324m2 – a total of 540m2
* 10 guest rooms – all spacious with full kitchens, separate dining areas, and bathrooms with showers.
* 18 Car parks - 14 undercover and 4 open
* Reception area
* Managers Residence consists of ALL THAT IS REQUIRED FOR A COMFORTABLE AIRCONDITIONED LIFE IN FABULOUS WEIPA.
* Lovely freshwater underground swimming pool
* BBQ area and gardens


LOCATION:
* Walking distance from the shopping centre, hospital, post office, chemist and bank
* Carpentaria Golf Club and Weipa Bowls Club– within 5 minutes
* Lake Patricia – within 5 minutes
* Gonbung Beach – within 3 minutes
* Gulf Of Carpentaria beaches – within 5 minutes

Beautiful attractions in the area include national parks, waterfalls, bird watching, river activities, Croc Spotting, Eco tours, Fishing charters, and glorious sunsets over Albatross Bay.

Nanum/Weipa is part of a sustainable coastal community of around 4,000 people. Close by is the settlement of Napranum of around 2000 residents. The area is rich in both natural beauty and cultural heritage with stunning beaches, unspoiled wilderness, and unrivaled fishing.

FURTHER POTENTIAL
* The business has been successfully run under management. New operator can choose to continue with the current manager or run the motel yourself. The motel can be easily run by one person and a casual called in when required. No food services required.

* Existing mining operations for bauxite will have life expectancies of between 50 and 100 years from now. The new mine costing billions of dollars alone has a life expectancy of over 40 years. Many private and government agencies are now located in Weipa/Nanum and will undoubtedly increase as the town continues to use extra services.

* Tourism to the region is expected to flourish as the remainder of the road from Cairns becomes completely sealed and weather resistant.

* Since Covid, Australians are now traveling within Australia more than ever and seeking beautiful locations like the Cape York Peninsula. It is a vibrant, prosperous community in one of the most remote but most beautiful places in Australia. Daily Air services at Weipa Airport ensures access for 12 months of the year.

PRICE & INCLUSIONS: NOTE this business is also available for lease. It currently averages a net profit of $200,000 per year. We offer a lease price and term that is fair and negotiable and should be noted that the cost of the build alone was around $1.8m + the cost of the land. Included in the transaction is infrastructure, fixtures fittings, domain names, memberships, and much more. You will require nothing to move straight in and start making a handsome profit. A full list of inclusions and financials can be provided to genuinely interested parties. Leasing agreement is also negotiable around terms and pricing. The lease includes all current reservations as well as social media interests and other requirements to run a successful business. The current owners are also offering a generous lease agreement that can be transferred to a future sale.

Enquire today – NOTE: An NDA will be sent for your authorisation before any further information is given.

DISCLAIMER No Agent Business (www.noagentbusiness.com.au) is an Australian For Sale By Owner website operating since 1999. We proudly assist business owners who are looking to sell their own business without paying any broker commission. While every care has been taken to verify the accuracy of the details in this advertisement, the correctness cannot be guaranteed.
Know someone that could be interested in this?
Asking Price:
$1,700,000
Yearly Profit :

----


Country

Australia

State

Queensland

Suburb

----


Postcode

4874

Locality

----

Established on
1999

Revenue

----

EBITDA

----

No. of employees

----

Lease period

----


Stock

----


Contact Details Verified

Email Broker Verified

Advertiser Details
Company Logo
Victoria
Australia
Thinking of buying this business?

Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. So before you make that offer, there’s a few things you should consider to determine whether or not this business is right for you. In a nutshell these include:

  • Ensure the seller is 100% verified by us
  • Can you afford it? Do you need financing to assist with the purchase?
  • Have you done enough research - industry analysis, competitors, revenue and so on
  • Ask the seller some questions - reasons behind the sale, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified etc
  • Make sure it’s the right business for you!

In a nutshell, a business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met. Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private.

Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.

Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. Once satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. Here you can also invite any advisors, brokers or lawyers you may have to help make the deal happen. You can even enlist Eden’s personal network of buying professionals to assist you with the entire buying process.

From start to finish, the entire business transaction can be done through the Eden Exchange platform.

Need finance support?

We offer tailored financing options that work for you to get the deal done.

Free business valuation

Know if you're paying too much for this business or if it’s right on the money.

success

Success!

Form has been submitted successfully and a representative will get touch with you