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145-151 Eighth Avenue, HOME HILL QLD, 4806

For Sale
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Property for Sale in 145-151 Eighth Avenue, HOME HILL QLD, 4806

Listing ID:
11380821
Status:
Active
For:
Sale
Price:
$1,200,000 with 5 Year Leaseback
Last Updated:
07/04/2020
Icon building

Property Type

Hotel/Leisure/Hotel/Leisure
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Land Area

4290 SQM
Icon size

Floor Area

1950 SQM
Icon parking

Parking

N/A

Freehold Hotel Sale & Leaseback

Offered for sale is the Malpass Hotel freehold in Home Hill for $1,200,000.

Malpass Hotel is situated on the Bruce Highway at Home Hill, North Queensland. Home Hill is one hour south of Townsville and two hours north of the Whitsundays.

This district, known as the Burdekin, has a vast agricultural sector supplying much of the country and overseas markets with a wide range of produce. Serviced by the Burdekin Dam, agriculture is the backbone of this region.

The freehold hotel will be sold as a going concern. The current freehold owner will enter into a 5 + 5 year lease upon sale. Initial rent of $120,000 plus outgoings plus Gst is proposed with annual increases representing a Net yield of 10%.

The property offers the following:
- High Profile corner location fronting the Bruce Highway.
- Traditional Queensland Style Double Storey Building
- Public Bar with TAB
- Gaming Room
- Bistro Style dining with a hint of Coffee Lounge
- Beer Garden
- Accommodation rooms on the first floor plus managers quarters
- Drive Thru Bottle Shop
- Three street access and loads of onsite parking
- Liquor Legends buying group member

This represents a solid investment with a guaranteed 10% minimum net income for at least the next five years.

Do you want to own the freehold and operate the business..??

There is an opportunity for an owner occupier to secure this freehold and the business as a WIWO out sale. This is by negotiation and would include all the plant and equipment including the poker machines and licences.

To arrange an inspection contact Ray White Commercial.

For more details, please email agent

Ray White Commercial Townsville

Suite 2, 41 Sturt Street, Townsville, QLD 4810


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