Freehold Investment, Long Lease In Place - 2023mi

Miles, Queensland 4415

SOLD

Key Features

AI generated. Contact seller to confirm.

Solid brick building
New 30 year lease in place
12 ground floor rooms
3 bedroom residence
New 39km solar system
Main road exposure

Turnover: $70,000
Net Profit: Not disclosed
Rent/Lease: Lease in place
Stock Value: Not disclosed
Established: Not disclosed

Business Details

Business Category Motel

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