Sold

FREEHOLD INVESTMENT, LONG LEASE IN PLACE - 2023MI

SOLD

Solid brick building with new 30 year lease in place.

Owner is motivated to sell the asset comprising of:

  • 12 ground floor rooms of varying configurations.
  • 3 bedroom residence.
  • Low maintenance grounds and gardens, pool and barbeque area.
  • New 39km solar system to save on power bills.
  • Main road exposure in the centre of town.
  • Rent currently at $70K pa with CPI increases.
  • Many upgrades have occurred in the past 6 months to ensure the profitability of the business and to minimise expenses - full list is available on the property summary.
  • New motivated tenant and secure long-term tenture.

Miles is in the middle of a strong agricultural area and the SW QLD gas fields. It is on the main arterial highway leading from Brisbane and caters for tradies and travellers of all kinds. It is a small friendly town approximately 2.5 hours from Toowoomba.

Bricks and mortar are a rock-solid investment. Call now for further information as the owner has said "Make me an offer!".

Annual Rent: $70,000 plus GST

 

Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2023MF (quote when enquiring)

Price SOLD
Location Miles
Property ID 2023MI
Category Motel

Quick Links

Share Property