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GREAT STARTER MOTEL INVESTMENT OPPORTUNITY - 2347MI

INVESTMENT $975,000

Key features:

  • 11 well-appointed motel rooms
  • Central city area, close to shops and restaurants
  • 3-bedroom residence with lounge and kitchen
  • Ample off-street parking for motel guests
  • Rapid growth area with strong investment and industry
  • All buildings and property well maintained and presented
  • Opportunity for continuous business growth.

 

The opportunity has just become available to secure a very well presented 11-unit motel close to the Gladstone CBD with strong trading history.

 

This motel is well located in one of the main arterial roads with high visibility to all traffic in and around the Gladstone city area. Single entrance provides security for guests, there is undercover parking for all guests,  inground pool and outdoor seating in front of units.

 

The lease has 28 years to run from 31st August 2023 with rent of $73,056 plus GST and rental CPI annual increases.

 

Be quick to register your interest with this one as with a solid 7.5% net return it offers an excellent investment.

 

 

Annual Rent: $73,056 plus GST

 

Contact Richard O’Connell from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2347MI (quote when enquiring)

Price INVESTMENT $975,000
Location Gladstone Central
Property ID 2347MI
Category Motel

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