The Freehold Passive Investment of the Moondarra Motel is being offered with a solid tenant paying a current rent of $89,065 plus GST per annum.
This will increase in line with the CPI each year.
15 years left on the Lease.
Major Far North Queensland Agricultural City, with continued COVID proof occupancy.
The 14 room Motel has been a consistent trader and the tenant pays all outgoings.
It has had new water heaters, new roof, complete new underground plumbing, new electrical wiring, and new split system air conditioners.
The property presents in excellent condition and is offered at 7.9% return.
Annual Rent $89,065 plus GST
Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2178MI (quote when enquiring)
Property Code: 4304
