Property Details

Price Investment $3,750,000
Property ID 3866172

INVESTMENT MOTEL FOR SALE- MAJOR QLD REGIONAL CITY

Description: Major Queensland regional city. CBD location. Easy access to all city amenities. Solid quality two level construction. Ideal investment in strong growth city. Very rare opportunity.

Rating: 3.5 star

Construction: 47 units. Two level rendered brick construction with flat roof and brick wall partitions. Spacious rooms well-furnished to high standard. Good Mix of bedding configurations. Ideal corporate or group travel property.

Residence: 2 bedrooms with built-ins, lounge, living, bathroom.

Age: Built 1980 approx.

Clientele: High rep and worker trade, bus groups, sporting groups, tourists, travellers between Brisbane and Cairns.

Tariffs: Single $109 - $125; Double $125 - $145; Family (4) $130 - $160; Extra Person $15 - $20

Chain Affiliation: Yes

Lease: 20 years. Rent $299,720 + GST

Laundry: Full commercial. All sheets hired.

Restaurant: Yes with licensed bar

Services: Room service breakfast and dinner, split system reverse cycle split air conditioning, microwave ovens, BBQ, pool, solar panels, fire rated.

Comment: Centrally located in the CBD of major Northern QLD town. Quality motor inn to serve the corporate and tourist trade. Very strong professional tenant. Long twenty year term.


MQ Property ID:
3866172


Facebook
To receive updates via your Facebook newsfeed please click here, or visit www.facebook.com/ManentiQuinlan and like our page.

Twitter
To follow us on Twitter please click here or visit www.twitter.com/ManentiQuinlan

LinkedIn
To connect on LinkedIn click here or visit http://www.linkedin.com/company/manenti-quinlan-&-associates