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.
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.
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:
Living and Dining Room
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.
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 firstname.lastname@example.org for details.
32 - 38 Herbert Street, Proserpine Motel, Proserpine 4800