ROCKHAMPTON LOCATION -URGENT SALE REQUIRED & ALL OFFERS CONSIDERED
The leasehold interest of an apartment motel consisting of 22 motel units and 15 apartments of various configurations. Motel features include beautiful pool & covered bar/BBQ facility, undercover car parking, central location surrounded by restaurants and takeaway eateries, some with charge back facilities.
THE SINGAPORE ARMED SERVICES have just signed a 5 year contract with the Cosmopolitan for accomodation twice a year. This will be a wonderful anchor to the business over this contract period.
Occupancy - 61%
Turnover - $870,850
Annual Rental - $264,189
Nett Profit - $241,947