New 25 year lease on waterfront motel - no food. 27 units all recently upgraded - selection from doubles to family. Inground pool, spacious 2 bedroom owner's residence. Located an hour north of Brisbane on Bribie Island adjacent to canal and beach. Has been operated by RSL Club under management for last 14 years. Strong trading figures with ample scope to increase, currently 54% occupancy. Onsite licensed restaurant under 3 x 3 year lease. Rental set to current industry standard with annual CPI increases.
Net profit $251,684 for 2016 calendar year

Contact John Warren from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2475ML (quote when enquiring)

Location: Bribie Island is located 70 km and around 50 minutes drive north of Brisbane CBD, close to the Sunshine Coast and within the Moreton Bay region - perfect for a holiday or weekend get-away. Beautiful Bribie is accessed by a bridge. The island, 84% of which is pristine National Park, is flanked on its western side by the protected waters of the Pumicestone Passage.

This is a boating paradise as well as a declared marine sanctuary which is home to dolphins and turtles, pelicans and other waterbirds. The island is also a boating gateway to Moreton Bay's thousands of square kilometres of boating and fishing waters, and the bluewater pleasures of the ocean.

There are plenty of attractions, both natural and man-made situated throughout the region to keep you busy. You can visit historical museums, hire a boat, relax on one of the secluded beaches, take a nature walk, paddleboat with the dolphins, enjoy a day spa, learn to surf, sky dive, go sea kayaking, explore outdoor markets, hire a boat or take a guided tour of the Pumicestone Passage.

Property Code: 2238