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Property
Ideal Entry Level Motel Lease - Very High 56% ROI
Sold
Description
The current lease over the Matilda Motel at Bundaberg is now available for sale.
* Neat and tidy 14 unit low maintenance motel
* Onsite 2 bedroom residence with direct internal access to reception
* Solid brick/block construction
* Excellent location on the main road into Bundaberg CBD
* 11 year lease remaining with low rent being offered
* Occupancy rate circa 60%
* Offers a very high return of 56% on the asking price
* Currently operated by one person with the assistance of cleaners
Queensland Tourism & Hospitality Brokers (QTHB) has compiled this information from sources we believe to be reliable, however QTHB does not give any warranty as to the accuracy, error or omission of information, if any. Interested parties should rely on their own enquiries.
