Fantastic Cashflow Opportunity, Rare Investment Motel With Solid Tenant - 2818mi

- Rare 27 ensuited motel rooms.

- Recent refurbishments to 8 rooms enhancing room appeal.

- Close to the centre of town and all amenities and has good visibility and easy access.

- 3,025m2 corner parcel held in four allotments.

- Licensed restaurant with seating for 100, cocktail bar, commercial kitchen, conference room, swimming pool, undercover parking, patio area, separate courtyard with firepit and owner’s residence.

- All outgoings are paid by the tenant refer to the lease.

- Annual CPI reviews

- 5 x 5 year options available, indicating a lease expiry including options. (26 years remaining on the lease from 2023)

- Solid lease and solid tenant

- Presents well and provides drive-up accommodation suitable for all guests just walking distance from the Showgrounds and Bilby Experience. The motel encourages a community-feel with several entertaining areas including an outdoor pool and patio area in addition to a separate courtyard featuring a firepit in winter

- The foundations have been set and the business continues to grow from strength to strength providing a solid base for the investment. We recommend a detailed investigation, and we are happy to meet you at the property where possible for an inspection

- Large 30 kW solar system for sustainable operation assists with the business operational costs and power savings

- Plenty of Tourism Drawcards and attractions in the area

- Additional tourism facilities being created and enhanced in the area with a pro-active Council

- One of the 'hubs' of Queensland

- ROI 8.32%

Annual Rent: $203,880 plus GST

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

Property ID: 2818MI (quote when enquiring)

Property Code: 4826