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15 Greetham Street
Sarina QLD 4737
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Sold on 13 Apr 2022

15 Greetham Street Sarina QLD 4737

  • Hotel, Motel, Pub & Leisure
  • 146 m²
  • Sold, $545,000

Accommodation Facility Set Amongst A Tranquil Bush Landscape - Gross full year 20 /21 returns in excess of 15%!

Currently operated as a nine room accommodation facility this recently renovated 100 year old 'Queenslander' is set amongst a beautiful bush landscape with views looking back over the Sarina Township and nearby coast.

Letting terms are variable but typically medium term.

The property is enjoying high occupancy levels and strong letting rates however there is still upside on these numbers as the regions economy continues to thrive.

Gross Returns for 10 month period to 30 April 2021 - $98,002.

This is an ideal property to self manage with minimal time and effort required or still extremely profitable as a passive investment via agent management.

Sarina is a thriving country town just south of Mackay servicing the coal ports of Hay Point and Dalrymple Bay, the Jilalan Rail facility and the local sugar industry.

Whilst operating successfully and very profitably in its current form, this property is well suited to a shift in operating format toward a tourism oriented B & B set up with minimum outlay required or conversion to a residential property in a tranquil setting close to all amenities.

For further information on this wonderful cash generating property and / or to arrange inspection contact Greg Smith today on 0413054742.

Gardian Real Estate
Gardian Real Estate
94 Victoria Street
Mackay, QLD 4740

Property Highlights

Date Sold13 Apr 2022
Sold Price$545,000
Floor Area146 m²
Land Area1.1 ha
ParkingAsk Agent
Property ID2016837853
Category
Last updated  29 Apr 2022
Map for 15 Greetham Street Sarina QLD 4737
Gardian Real Estate
Gardian Real Estate
94 Victoria Street
Mackay, QLD 4740

Property Highlights

Date Sold13 Apr 2022
Sold Price$545,000
Floor Area146 m²
Land Area1.1 ha
ParkingAsk Agent
Property ID2016837853
Category
Last updated  29 Apr 2022

Listed by

Greg Smith
Greg Smith
Gardian Real Estate
Call
0413 054 742

More about 15 Greetham Street Sarina QLD 4737

15 Greetham Street Sarina QLD 4737 is categorized as Hotel, Motel, Pub & Leisure Property. It has a floor area of 146 m² and a land area of 1.1 ha. The listing ID for this property is 2016837853.

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