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PROSERSPINE MOTEL AND GUEST HOUSE

EXPRESSION OF INTEREST

Date listed: 14/10/2020
 

The Proserpine Motel and Guesthouse are being sold by Expression of Interest.

EXPRESSION OF INTEREST CLOSING DATE 26 October 2020

The property is situated at 32-38 Herbert Street Proserpine with a total land area of 1957m2 across two allotments.

GUEST HOUSE

The Guest House consists of 17 Rooms in total.

There are eight (8) rooms and a shared kitchen and laundry on the ground floor and eight (8) rooms and shared kitchen and bathrooms on the 1st Floor.

There is also a separate fully self-contained stand-alone 1-bedroom unit adjacent to the Guest House.

All ground floor rooms have their own showers and toilets, whilst six (6) 1st-floor rooms have shared facilities.

Presently the guest house is fully occupied and generating income of approximately $3765 per week.

MOTEL

The Motel, Residence, and Reception / Office is one building.

There are twelve (12) motel rooms in total. Each room is 23 m2 and contains a bedroom and ensuite bathroom, ceiling fan, wall-mounted air-conditioning unit, TV, and small bar-style fridges.

The manager's residence and reception/office area is approximately 156 m2 and includes:

Reception Office

Living and Dining Room

Kitchen

Three (3) bedrooms

Ensuite to the main bedroom

Main bathroom/ laundry

The motel and residence have not yet been completely repaired following cyclone Debbie so presently there are five (5) motel rooms operating, whilst the onsite manager resides in a 6th motel room.

The remaining 6 motel rooms and managers' residences are not habitable and need repair before they can be occupied.

Occupancy of the repaired Motel rooms remains good with weekly income averaging $3,000 per week.

SUMMARY

We are seeking new investors to purchase the Motel and Guesthouse with a view to completing the repairs and bringing the property to its full potential.

The vendor is seeking offers by expression of interest and is realistic in his expectations.

Full Property Information Memorandum is available upon request.

Contact Brett Dwyer 0447 583... or email brett.dwyer@raywhite.com for details.

Property type
Business
Property status
Just listed

32 - 38 Herbert Street, Proserpine Motel, Proserpine 4800

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