Sold

2565MI - Rare High-Quality Motel Investment Opportunity

SOLD

3,159 m2
  • High Standard 4 star motel
  • 18 quality units
  • 30 year Lease at settlement
  • Excellent business
  • Lease term and rent adjusted for sustainability of tenant
  • Excellent experienced tenant
  • Brick construction
  • All outgoings paid by tenant
  • Minimal maintenance requirements
  • Strong 7.6% Return
  • Exceptional and rare Motel Investment opportunity in Toowoomba
  • Contact us now for further details

On offer is the Freehold Investment interest of the outstanding Motel situated in the ever-growing town of Toowoomba.

This highly regarded 4 star motel was built to high standard and has been maintained in excellent condition. The Motel offers 18 stylish, well-appointed rooms, a large four bedroom residence, salt water pool with a spa and an undercover barbeque area for inhouse guests. The well-maintained grounds are low maintenance.

The lease length and rent component will be adjusted at settlement to ensure the tenancy is sustainable well into the future.

Toowoomba is a major regional town with a population of approximately 150,000. The town has high quality private and public schools, excellent hospitals, the new international ready airport and everything else one would expect, and more from a major regional town.

Investments of this calibre are rare - especially in this town, it won't be for sale for long.

Annual Rent: $160,000 plus GST

Contact Mark Tuck from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2565MI (quote when enquiring)

Price SOLD
Location Toowoomba City
Property ID 2565MI
Category

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