2588MI - Secure Passive Freehold Hotel, Motel and Retail Shops

SOLD

2,400 m2

A secure 9.21 % plus return on investment.
Major outgoings, insurance, rates and land tax payed by existing tenancy.
Strong performing tourism and mining region.
Main bar with spacious Bistro, 10 EGM's, TAB, Keno, new covered beer garden.
Plus 20 renovated accommodation rooms and ensuites with 20 years remaining tenancy, commenced 2015 and is indexed to CPI.
Long standing hair salon tenancy with rolling monthly agreement from 2010 and is indexed to CPI.
Fashion retail outlet tenancy commenced in 2017 with 27 years remaining within agreement, also indexed with CPI increases.
Upside of one retail shop vacancy formally a Menswear retail outlet.
Owner’s appetite to focus on an addition portfolio purchase with the accommodation sector.

Tourism Brokers present the original iconic Queensland "Pub with No Beer" made famous by Slim Dusty.

The pub which now has beer, accommodation and three retail shops, the opportunity to invest in a piece of Australian History and secure a high yielding return passive income.

Annual Rent: $165,805 plus GST

Contact James Carrick and Michael Philpott from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2588MI (quote when enquiring)

Located 110 kilometres north of Townsville and 220 kilometres south of Cairns, the country township of Ingham is located in the heart of the tropics. It is the southern gateway to the Wet Tropics World Heritage-listed rainforests of Tropical North Queensland. West of Ingham is Australia's highest sheer drop waterfall, Wallaman Falls. North-east of Ingham is the majestic Hinchinbrook Island. The region has no less than six recreational National Parks, State Forests and islands, making it a very special part of the North Queensland region.

Price	SOLD
Location	Ingham
Property ID	2588MI
Category

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TOURISM BROKERS CLIENT CONFIDENTIALITY AGREEMENT

IMPORTANT MESSAGE TO ALL PROSPECTIVE PURCHASERS AND LESSEES

If you are a genuine Prospective Purchaser or Lessee, and you would like to obtain additional information in respect of any listing ofTourism Brokers it is a requirement that you agree to this Confidentiality Agreement below in order to request information on a property. Tourism Brokers will respect the discreet nature of your enquiry, as we do for all our clients.

To: Tourism Brokers Pty Ltd & Tourism Brokers (QLD) Pty Ltd trading asTourism Brokers
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Having declared in general principle, that I/we have a genuine interest in Tourism Brokers listing/s, I/we now request that, in your capacity as broker for the Vendor, you supply us with a copy of a current “Information Memorandum” (the “Memorandum”) or similar, describing the requested listing/s in further detail. I/we undertake that the Memorandum or similar additional information, will be used for no purpose other than to assist me/us in determining whether I/we/our client wish to purchase or lease the said business/property listed. [note, if you are a professional adviser or similar acting on behalf of a client or some third party, you are required to nominate your client’s name below]. I/we agree that the Memorandum and any other information or material made available to us (written, verbal or otherwise) via Tourism Brokers or the Vendor or their Solicitors, will remain strictly confidential.

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a) The information and material will only be distributed on a “need to know basis” to me/us, our senior executives or directors of our company, and /or professional advisers and financiers to my/our company, and I/we shall take responsibility that all parties involved will be bound to and will adhere to the terms of this agreement.

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