Forum Replies Created
Hi Crest and others,
I have not logged on to this site for some time. Last time I was here, I was looking at motels in both Goulburn and Lithgow, however I am pleased to say we finally took the plunge and purchased a leasehold at Warrnambool Vic last year. It is a reasonable size 80 odd rooms with function rooms, restaurant and day spa attached. It also has a geo thermal hot springs bore going down some 900 metres. The website is http://www.qsdb.com.au We run it under full management, it has sure been some work from take over to now. We have rebranded the property-it was a "Sebel", and have been busy re-establishing ourselves in the market place. What do people think of our new website? It came out around 28 December…
I would like to thank thecrest for his positive remarks and assistance he provided helping us to stay positive during a scary time (making the decision), I had the pleasure of meeting thecrest prior to him moving to Wagga and he is indeed a knowledgeable chap, with a lovely partner. I am pleased to hear they are doing well in Wagga.
Our plan is similar to his, we would like to purchase again, eventually ending up with 3 good leaseholds, but first we need to steady the ship down south. Mind you I have found it can take a really good (and long) 18 months or better to find the right hotel, so may as well start looking again.
Cheers and best luck to everyone, particularly thecrest
Regards
Kindren
Hi Crest and others,
I have not logged on to this site for some time. Last time I was here, I was looking at motels in both Goulburn and Lithgow, however I am pleased to say we finally took the plunge and purchased a leasehold at Warrnambool Vic last year. It is a reasonable size 80 odd rooms with function rooms, restaurant and day spa attached. It also has a geo thermal hot springs bore going down some 900 metres. The website is http://www.qsdb.com.au We run it under full management, it has sure been some work from take over to now. We have rebranded the property-it was a "Sebel", and have been busy re-establishing ourselves in the market place. What do people think of our new website? It came out around 28 December…
I would like to thank thecrest for his positive remarks and assistance he provided helping us to stay positive during a scary time (making the decision), I had the pleasure of meeting thecrest prior to him moving to Wagga and he is indeed a knowledgeable chap, with a lovely partner. I am pleased to hear they are doing well in Wagga.
Our plan is similar to his, we would like to purchase again, eventually ending up with 3 good leaseholds, but first we need to steady the ship down south. Mind you I have found it can take a really good (and long) 18 months or better to find the right hotel, so may as well start looking again.
Cheers and best luck to everyone, particularly thecrest
Regards
Kindren
Hi all, have been following the forum for some time, great stuff, I feel we are getting closer to a purchase. Can anyone comment on Goulburn as a motel town and growth in Goulburn.
Also any thoughts on Lithgow, both obviously attract a different clienteleCheers
Thankyou therest, you are most informative.
Is there a basic 'rule of thumb' loosly used for projected capital growth for a freehold and also for a leasehold?
eg with residential property we hear 7-10 year doubeling effeft, is there a guide for motels? I would think it largly dependant on the way it is managed, but having read a lot of your posts you might have a scenario in mind…Cheers
Hi, thankyou for the welcome.
currently interested in a listing
Rough details are
Motel leasehold,
restaurant
Chain
built in early 80's
40+ rooms
$1.3-$1.7 T/O
On the pacific HWY.
We are looking at others also, not in Coffs
Any advise appreciated
CheersHi thecrest,
I would value your opinion on motels in Coffs Harbour, pacific hwy location. Should have a mix of "through traffic" and "destination traffic" also a large town 60,000+ people, so possibilities of corporate trade…
Thankyou
