The Golden Palms Motor Inn is an immaculately presented 4-star, 16 room motel complex and is now offered for sale as a freehold going concern.
This is an ideal opportunity for an experienced motelier to add a valuable property to their portfolio, with a maintainable net profit of $310,00.00+ per annum.
Located on Takalvan Street, the main road into Bundaberg city, the motel offers on-site under cover parking, a pristine outdoor family friendly pool with BBQ area, free guest laundry and Wi-Fi access.
The Golden Palms maintains strong forward bookings, has 48 solar panels installed with a complete roof replacement (2019), serviceable kitchen, two-bedroom managers accommodation and storage container.
The motel is approximately 2.5 km from the Bundaberg Airport, in close proximity to one of Bundaberg's largest shopping centres, Stocklands, the Bundaberg Recreational Precinct and sports clubs, all of which provide courtesy bus services.
Financials are available to prospective buyers upon the singing of a confidentiality agreement.
Although selling the freehold going concern is the owners preference, they will consider selling a 30 year lease only at $560,000 with annual rent of $125,000 plus GST plus Council rates and property insurance.
The information contained herein has been obtained through sources deemed reliable but cannot be guaranteed as to its accuracy. Any information of special interest should be obtained through independent verification.