CROYDON QLD 4871
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- 23 Oct 2016
Freehold Hotel with Accommodation + Block of Land - Croydon, QLD
This long established business is perfectly set-up to cash in.Sitting 170km inland from Karumba, and 480km from Townsville, Croydon is attracting an increasing number of tourists, keen to enjoy a true Outback experience, exceptional heritage and adventure.
But that's not all - it's also the destination for the famous Gulflander train journey from Normantan, delivering plenty of tourists right to your door!
Bought by the current owner 23 years ago the Croydon Club Hotel is something of a gold mine itself!
Built in 1887, the hotel provides everything a visitor needs, with a busy bar and dining room, 4 self-contained units and 16 motel-style units.
There are also another 8 rooms for backpacker accommodation - with access to a bathroom and laundry.
The sparkling swimming pool is an added bonus - and very popular with guests - while beautiful Lake Belmore, just 10km down the road, is ideal for skiing.
• Manager's accommodation onsite
• Poolside units + beer garden
• Popular venue for private functions
There's an option to purchase the block across the road for $300,000, which has been approved for a motel and, with a duplex already on site, is bringing in a good rental income.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information