Freehold Investment, Long Lease In Place - 2023mi
Business Sold Miles, Queensland 4415
Business Category Motel
SOLD
Description
Freehold Investment, Long Lease In Place - 2023mi
Solid brick building with new 30 year lease in place.
Owner is motivated to sell the asset comprising of:
- 12 ground floor rooms of varying configurations.
- 3 bedroom residence.
- Low maintenance grounds and gardens, pool and barbeque area.
- New 39km solar system to save on power bills.
- Main road exposure in the centre of town.
- Rent currently at $70K pa with CPI increases.
- Many upgrades have occurred in the past 6 months to ensure the profitability of the business and to minimise expenses - full list is available on the property summary.
- New motivated tenant and secure long-term tenture.
Miles is in the middle of a strong agricultural area and the SW QLD gas fields. It is on the main arterial highway leading from Brisbane and caters for tradies and travellers of all kinds. It is a small friendly town approximately 2.5 hours from Toowoomba.
Bricks and mortar are a rock-solid investment. Call now for further information as the owner has said "Make me an offer!".
Annual Rent: $70,000 plus GST
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2023MF (quote when enquiring)
Property Code: 4421
Owner is motivated to sell the asset comprising of:
- 12 ground floor rooms of varying configurations.
- 3 bedroom residence.
- Low maintenance grounds and gardens, pool and barbeque area.
- New 39km solar system to save on power bills.
- Main road exposure in the centre of town.
- Rent currently at $70K pa with CPI increases.
- Many upgrades have occurred in the past 6 months to ensure the profitability of the business and to minimise expenses - full list is available on the property summary.
- New motivated tenant and secure long-term tenture.
Miles is in the middle of a strong agricultural area and the SW QLD gas fields. It is on the main arterial highway leading from Brisbane and caters for tradies and travellers of all kinds. It is a small friendly town approximately 2.5 hours from Toowoomba.
Bricks and mortar are a rock-solid investment. Call now for further information as the owner has said "Make me an offer!".
Annual Rent: $70,000 plus GST
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2023MF (quote when enquiring)
Property Code: 4421
Similar Businesses For Sale
This business is somewhat unique and has no similar competition in this region, category or price bracket.
