FANTASTIC CASHFLOW OPPORTUNITY, RARE INVESTMENT MOTEL WITH SOLID TENANT - 2818MI

INVESTMENT $2,450,000

  • Rare 27 ensuited motel rooms.
  • Recent refurbishments to 8 rooms enhancing room appeal.
  • Close to the centre of town and all amenities and has good visibility and easy access.
  • 3,025m2 corner parcel held in four allotments.
  • Licensed restaurant with seating for 100, cocktail bar, commercial kitchen, conference room, swimming pool, undercover parking, patio area, separate courtyard with firepit and owner’s residence.
  • All outgoings are paid by the tenant refer to the lease.
  • Annual CPI reviews
  • 5 x 5 year options available, indicating a lease expiry including options. (26 years remaining on the lease from 2023)
  • Solid lease and solid tenant
  • Presents well and provides drive-up accommodation suitable for all guests just walking distance from the Showgrounds and Bilby Experience. The motel encourages a community-feel with several entertaining areas including an outdoor pool and patio area in addition to a separate courtyard featuring a firepit in winter
  • The foundations have been set and the business continues to grow from strength to strength providing a solid base for the investment. We recommend a detailed investigation, and we are happy to meet you at the property where possible for an inspection
  • Large 30 kW solar system for sustainable operation assists with the business operational costs and power savings
  • Plenty of Tourism Drawcards and attractions in the area
  • Additional tourism facilities being created and enhanced in the area with a pro-active Council
  • One of the 'hubs' of Queensland
  • ROI 8.32%

 

Annual Rent: $203,880 plus GST

 

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

Property ID: 2818MI (quote when enquiring)

Price INVESTMENT $2,450,000
Location Charleville
Property ID 2818MI
Category Motel

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