2 River Avenue, Innisfail QLD 4860

$1,290,000

Innisfail Queensland - Lucrative 41 Room Leasehold motel complex for sale

The Barrier Reef Motel located on the Bruce Highway in Innisfail, North Queensland, offers modern, clean and affordable motel accommodation comprising 41 split system air-conditioned units, 2 fully self-contained family units, a fully licensed Reef’s restaurant and Cat 5 Bar.
This well-maintained Golden Chain Classic 3.5 star rated motel is surrounded by lush tropical gardens and manicured lawns giving it plenty of road side appeal.
The motel offers guest room service, a salt water resort style swimming pool, cable TV, guest laundry facilities, direct dial telephone, Wi-Fi internet and undercover parking.
The exterior of the motel, including the roof has been completely repainted. All but eight rooms have had their interiors repainted in neutral modern colours. 42” TVs have been installed in the superior queen rooms and 32” TVs in all other rooms.
All rooms have tiled floors and custom bed heads installed. They have been fitted with new block out curtains or a combination of view screens blinds and block out curtains. A pillow top ensemble bed replacement program is in place and approximately 75% complete.
This leasehold ongoing concern has 23 years left as on June 2019. Reports are available to qualified buyers and inspections are encouraged.
One large and two smaller illuminated logoed street signs define the location, being easily identified from the highway no matter which way you are traveling.
Large, open, air-conditioned front reception area with wall mounted tour brochure display creates a welcoming area for guests. This area incorporates a receptionist’s counter area with a computer station and guest seating.
Located directly behind the reception area is the back office, which houses a 10 channel Foxtel system, room & motel phone system, motel power switch board, computer and Starfleet property operating system, desk, filing systems and shelving.
Assortment of undercover and centre parking for larger vehicles.
Off street parking for trucks and buses.
Room choice is as follows:
• 16 Superior Queen
• 1 Standard Queen
• 17 Twin Share
• 4 Standard family
• 1 large family
• 2 self-contained family rooms one being a 2-bedroom unit with 2 en suite bathrooms
All rooms inspect well with 80% of rooms being renovated in the past 2½ years

Property Features

Outgoings: No

Real Estate Agent's
David Radonich
Commercial Sales Executive
0418204479
07-41544178

Sharon Golding
Principal Licensee
0457 473 173
07 4196 0933