Freehold Investment Motel, 8.7% Roi - Strong Underlying Business - 1p5187m

Childers, Queensland 4660

SOLD

Key Features

AI generated. Contact seller to confirm.

Freehold investment motel on Bruce Highway
22 ground floor rooms available
Generous manager's residence included
Well maintained property in regional centre
8.7% ROI for freehold owner
Rent increases annually to CPI

Turnover: Not disclosed
Net Profit: Not disclosed
Rent/Lease: Lease in place
Stock Value: Not disclosed
Established: 22 years remaining on lease

Business Details

Business Category Motel

CRE Brokers are pleased to be appointed Exclusive Agents for this Freehold Investment Motel on the Bruce Highway/Pacific Way.

The property presents well. The tenanted property has 22 years remaining on the lease with a strong business attached.

. Well maintained & positioned property in strong regional centre
. Strong business with 14 ground floor room, plus a generous managers residence and back yard
. High 8.7% Return on Investment for the freehold owner, with outgoings paid by tenant
. Rent increases annually to CPI