M otel L easehold Ref // LH005102
56
STRONG TRADING MOTEL, RICHLY DIVERSE INCOME STREAMS
38
22
2
1
Units
Years
Bed
Bath
A large portion of the bookings are from crews and work groups coming to the region on contracts. This includes shutdown work for the coal mine and nitrate plant, road and railway crews, construction workers, relief staffing for the quarry and seasonal work in relation to the grain silos and cotton gin. They have also gained occupancy from overflow at Biloela during the power station shut downs. More recently, a major driver of the business has been the gas industry. A local provider began ramping up acquisition, supply and maintenance this year and has confirmed this will continue in the years to come. The majority of guests are long-term, staying weeks or months. This is due to the Dawson Valley’s diverse industry and gas field which was the first commercial coal seam gas operation in Australia when it began producing coal bed methane gas in December 1996. The property is currently under management and has been very successful. However, on-site managers have the ability to make instant decisions and control all aspects as well as to build relationships with locals and prospective clients.
›› Rent is set at 26% of turnover – a very manageable and fair way of adjusting rent
Manager’s Residence
›› Beautifully presented to travelers and workers ›› Small buffet-style dining room caters for 20-30 people per night ›› Tariffs for long-term clients are discounted as are the services (more info in IM) ›› Costs of OTA’s bookings are minimal because of direct bookings
NETT PROFIT: $407,400
PRICE: $1,140,000
LENNY BOOTH BROKER
LINDSAY COOPER B roker
+61 438 139 422 lenbooth@resortbrokers.com.au
M. +61 418 711 047 E. lindsaycooper@resortbrokers.com.au
RESORTBROKERS.COM.AU | I S S U E N O . 9 0
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