Camelot Motel, 19 Agnes Street, South Gladstone, Qld 4680

UNDER CONTRACT    Operating 24 Room Motel with managers residence on 6,388m2 with future upside. Vendor paid $2,300,000 in 2023. Now seeking offers $2,100,000 ONO. BUSINESS and FREEHOLD $200,000 BELOW Purchase, at least $1,000,000 below replacement.   

FEATURES
10 x Suites with lounge areas.
4 x Superior rooms.
10 x Large Standard rooms.
3 Bedroom 190m2 managers residence.
Conference area with Bar & Commercial, Kitchen (currently closed)
Manicured Gardens Recreation area Pool and BBQ area.
$220k Current Net (managed as owner operator)
Current occupancy 40%
Designed originally for additional level or further 12 rooms, STCA
Would also suit a strata title solution & further development, STCA.

This Freehold motel, a longstanding landmark in Gladstone. Nearby the commencement of the Fitzroy Pipeline employing over 500 workers this year, presents a significant opportunity for growth. Gladstone, Queensland, is a global industrial powerhouse, ranked among the world’s leading ports for mining and energy exports in Australia's mining and energy sectors. 

New owners have the chance to leverage their mining and construction client lists to fill the property or to rejuvenate it to its former glory. Positioned away from the hustle and bustle of the city, the motel offers guests a peaceful stay. Each room provides commanding views of the harbour and ocean, with the Queensland Alumina Ltd refinery lighting up the night like a Christmas tree.

The motel features one of the largest restaurants and conference rooms in Gladstone, previously successful with weddings and conferences throughout the year. Although the restaurant is currently closed for renovations, it previously  operated with a liquor license. Would benefit from adding a minimart or cafe and coin laundry.

TERMS
Unconditional Contracts, 10% deposit, settlement 60 days.
For immediate sale, vendor motivated relocating overseas.
Call Cleo or Maxwell now to register your interest.
0467 570 057 or 0438 084 657