$50,000

The Proserpine Motel is being sold by Expression of Interest.

Vendor says bring all offers !

The property is situated at 32-36 Herbert Street, Proserpine with a total land area of 1289m2.

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

The motel has not yet been completely repaired following cyclone Debbie, so presently there are five (5) motel rooms operating.

The remaining 6 motel rooms 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 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 583 759 or email [email protected] for details.