Property

Brilliant Leasehold Motel

Leasehold $450,000
New Listing

Description

* Renovated 28 unit motel complex, including large family units
* Inground swimming pool
* Exposure to a huge amount of traffic each day, close to town centre and airport
* Restaurant and bar (currently not operating)
* Family size 4 bedroom onsite residence with 2 bathrooms and direct internal access to reception
* Solid brick construction under colourbond roof
* New 30 year lease
* Low rental ratio paid by Lessee only $95,000pa
* Net Profit After Rent $147,891
* Offers very high 37% ROI for such a quality motel offering
* Great buying at the low rent and price

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.

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