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Property
Rare Passive Investment Motel Opportunity
Freehold Passive Investment $945,000
New Listing
Description
The freehold passive investment of this solid performing motel, located in a diverse coastal Queensland town is now available for sale.
** Priced to sell at $945,000 offering a 7.4% ROI on the asking price **
The property features:
* 12 well presented units
* BBQ area with pool
* 2 bedroom residence
* Excellent corner block position
* High profile location on main road
* New 30 year lease
* Annual commencing rent $70,000 + GST (36% of the total Net Profit of the business)
* The new lessee is an experienced operator looking to increase the business trading from the current level.
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.
