65 Turbot Street, BRISBANE CITY QLD 4000
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- 23 Nov 2016
FREESTANDING CBD MOTEL SALE
* 58 room hotel accommodation + restaurant
* Lease 10 years plus 5+5+5+5+5
* Commencing 01/04/2015
* 3% annually & market review at option
* 359 sqm site with 2 secure car spaces
* Yearly Rent: $489,000 gross pa
Homely & stylish four star “City Edge Brisbane” features everything for your relaxing and comfortable stay, whether you are on holiday or work travel. The building consists of 58 hotel rooms comprising double, twin, family & superior rooms. Each room has its own bathroom and fitted with modern furniture and mini fridge. Large restaurant with commercial kitchen when functional will be providing breakfast, lunch and diner for guests.
The Hotel is located in the heart of Brisbane CBD. Just a 3-minute walk to Queen Street Mall, Treasury Casino and Roma Street Transit Centre.
South Bank Parklands and Beach, Suncorp Stadium and Fortitude Valley are all 15 minutes’ walk each from City Edge Brisbane.
It is opposite the new Brisbane’s court precinct and only a stones throw away from the proposed $2 Billion ‘Brisbane Live’ Entertaining Arena Precinct.
This is an excellent opportunity for an investor to own this unique CBD hotel as a long term investment and enjoy attractive rental income from an experienced operator..
A rare opportunity not to be missed!
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
65 Turbot Street BRISBANE CITY