1916mi - Investment Showing Huge 8.35% Return In Cbd Location

Business For Sale Nanango, Queensland 4615

Business Category Motel

PASSIVE INVESTMENT $1.08M - ROI 8.35%

Description

1916mi - Investment Showing Huge 8.35% Return In Cbd Location

-

- 12 units in the heart of town.

- Adjoins main club and opposite Council Chambers, this offers an outstanding convenient location for guests.

- Compact location - easy to operate for tenants / operators.

- Strong trading history and repeat trade.

- Under 2 hours to coast and Brisbane.

- Ideal long-term investment.

- Comfortable 2 bedroom unit adjoining reception area at the front of the property.

- Easy Maintenance - No pool.

Recent review on Trip Advisor: Spotless room, beautifully made up. Very helpful and friendly manager. I will stay here every time I travel through and highly recommend this motel. Close to everything in town but still very quiet and comfortable.

Annual Rent: $90,214.63 plus GST

Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.

Property ID: 1916MI (quote when enquiring)

Location: Nanango is the second-largest town in the South Burnett (as well as the 4th oldest town in Queensland) and has a population of around 4,500 residents. It is a moderately large country town and has a very friendly and informal atmosphere. The CBD features impressive chainsaw sculptures and murals which reflect the town's historical connections with timber-felling, farming and mining. The CBD area has convenience and food stores, a supermarket, restaurants and petrol outlets. Two cellar doors are also located within a few blocks of the centre of town.

Major annual events include the international Criterium Bike Race (held in Nanango's CBD in February); the Nanango Show (held at the Nanango Showgrounds in April); the Nanango Arts Festival (week in June; the Nanango Country Music Muster (held at the Showgrounds in September; the week-long Pioneer Festival (October) and the Christmas Carnival (December).

Property Code: 3699

Motel Information

  • Restaurant Facilities
  • Liquor Licence
  • Restaurant
  • Lease: -
Contact Seller
Michael Philpott

Bsale ID: 583075
Broker REF: tourismbrokers_50_26

Tourism Brokers
Make Enquiry

Thank you, your enquiry has been sent now.