2 Crofton Street Bundaberg Central QLD 4670
- Hotel / Leisure
- 1,020 m²
- For Sale, Expressions Of Interest
Fully Leased Investment in Regional Hotspot
Transact Property Group are delighted to present The Bundaberg Backpackers and Traveller Lodge (est. 1988) to the market for sale via Expressions of Interest.
A renowned working holiday stopover destination for tourists following the implementation of the Australian Governments working holiday visa (subclass 417) regional work requirements, Bundaberg is subject to over 730,000 annual visitors and has enjoyed a 18.9% year on year growth in occupancy rates and a huge 32.7% year on year growth in revenue per room.
Underpinned by a 10 year lease with options until 2040, this asset offers the astute investor the rare opportunity to acquire a centrally located CBD investment, leased to an established tenant in a thriving regional centre.
- Backpackers Hostel Established in 1988
- 10-year lease with options until 2040
- 100% of outgoings paid by the tenant
- Approved for 11 rooms and 68 beds
- Bundaberg occupancy rate is 62.3%
- Located in close proximity to an abundance of public transport
- Prime CBD location
Net Income: $117,845* pa + GST
For further details, a copy of the information memorandum or to organise an exclusive inspection please contact Daniel Cullinane of Transact Property Group.
* 10-year lease with options until 2040
* Bundaberg occupancy rate is 62.3%
* Prime Location
|Floor Area||1,020 m²|
|Land Area||555 m²|
|Building Type||Whole building|
|Annual Return||Ask Agent|
|Last updated||15 Jul 2019|