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2565MI - Rare High-Quality Motel Investment Opportunity

TOOWOOMBA CITY QLD, 4350

Sold

Property Sold in TOOWOOMBA CITY QLD, 4350

Tourism Brokers

34 Lamorna Avenue , Beecroft, NSW 2119

Listing ID:
11342599
Status:
Sold
Price:
SOLD
Last Updated:
01/08/2019
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Property Type

Hotel/Leisure
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Land Area

3159 SQM
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Floor Area

1 SQM
Icon parking

Parking

N/A

2565MI - Rare High-Quality Motel Investment Opportunity

- High Standard 4 star motel

- 18 quality units

- 30 year Lease at settlement

- Excellent business

- Lease term and rent adjusted for sustainability of tenant

- Excellent experienced tenant

- Brick construction

- All outgoings paid by tenant

- Minimal maintenance requirements

- Strong 7.6% Return

- Exceptional and rare Motel Investment opportunity in Toowoomba

- Contact us now for further details

On offer is the Freehold Investment interest of the outstanding Motel situated in the ever-growing town of Toowoomba.

This highly regarded 4 star motel was built to high standard and has been maintained in excellent condition. The Motel offers 18 stylish, well-appointed rooms, a large four bedroom residence, salt water pool with a spa and an undercover barbeque area for inhouse guests. The well-maintained grounds are low maintenance.

The lease length and rent component will be adjusted at settlement to ensure the tenancy is sustainable well into the future.

Toowoomba is a major regional town with a population of approximately 150,000. The town has high quality private and public schools, excellent hospitals, the new international ready airport and everything else one would expect, and more from a major regional town.

Investments of this calibre are rare - especially in this town, it won't be for sale for long.

Annual Rent: $160,000 plus GST

Contact Mark Tuck from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2565MI (quote when enquiring)

Property Code: 3086

For more details, please email agent

Tourism Brokers

34 Lamorna Avenue , Beecroft, NSW 2119


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