54-56 Lannercost, INGHAM QLD 4850
$1,830,000 (GST na)
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- Hotel / Leisure, Development / Land, Retail
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- 18 Apr 2017
10% NET RETURN tenanted investment
Price 1.83 million
10% NET RETURN tenanted investment. Long-Term Tenants.
Solid brick and concrete investment property returning 10% net situated in the CBD of a popular Nth Queensland coastal town. The investment comprises a well-known Hotel, 22 room Motel plus 3 successful Retail shops and all tenanted by 4 long-term operators with over 75 years experience between them.
Trophy Investment Property In Prime Location
Lees Hotel Motel 10 x 5 x 5 lease
Studio 54 Hair Salon Trading 20 Years
Duffy's Menswear Trading 20 Years
Lisa Marie's Boutique Trading 30 Years
Net Rental Per Annum $183,000
Building Refurbishment 2011 – 2015 – $1.2 million.
Well-Known Hotel Motel;
3 Bars , Function Room, Bistro
10 Gaming Machines (authorities vested in the Freehold, current net circa $500,000)
22 Ensuite Motel Rooms
3 Bedroom Residence.
Solid brick and concrete construction on 2 levels.
Building replacement value in excess of $4 million.
Guests courtyards and verandas.
Location, CBD Ingham, opposite Hinchinbrook Council Chambers, 150 m to CBA, Westpac, Coles, Retailers.
Ingham just voted one of the 50 Top Small Towns in Australia
Blue-chip CBD Location opposite the Council Chambers with multiple income streams from 4 separate experienced and long-term tenants and high exposure to strong vehicular and pedestrian traffic allowing for endless opportunities in the long term future.
All this for sale at an incredibly low $1.830,000, if you are looking for a solid safe long-term investment with high returns which increase every year, you should inspect this Property.
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
54-56 Lannercost INGHAM