PROMINENT KING STREET BUILDING FOR SALE
Webster Cavanagh Rural is pleased to present 'The Club Hotel' 71 King Street to the market. Located in the heart of Clifton, this property is a truly rare opportunity to invest in a growing rural community situated between the increasingly popular cities of Toowoomba and Warwick. With a long-term tenant in place and a strong yield of approximately 13%, this well-known main street building provides the opportunity to purchase a solid and rewarding freehold investment.
THE CLUB HOTEL
Term of Lease: 9 years remaining from 10 year lease
Current Rent: $45,760 PA (include. GST)
Rental Yield: 13.26%
Particulars: Tenant pays all outgoings
Full inventory list available upon request
DETAILS OF THE PREMISES:
Public bar, including bottle shop
Two separate dining rooms (capacity 60 diners)
Fully equipped kitchen
5 x accommodation rooms (2 with ensuites)
Communal guest kitchenette
Manager's Residence with spacious loungeroom, bedroom, walk-through wardrobe and ensuite
Upstairs balcony overlooking town centre
Rear Outdoor Lounge area
Back Entrance Smoking zone
Storeroom
Men's and women's toilets
4 bay powered and concreted lockable shed
2 x 20ft shipping containers
FREEHOLD PARTICULARS:
Land Area: 1,000m2
RPD: L4 RP1737
Tenure Type: Freehold
Zoning: Major Centre
Local Council: Toowoomba Regional Council
Location: 45km directly south of Toowoomba, 45km north of Warwick, 160km south-west of Brisbane, 200km east of Gold Coast
Rates: $4,605.10 net/half year
Water Rates: $258.73 net/half year
Clifton is a growing rural town with easy access to the New England Highway, just ten kilometres to the east. The town boasts an abundance of services including a wide range of sporting clubs and facilities. Clifton is a popular choice of residence due to the town's conveniences, peaceful lifestyle, friendly community and suitable location.
To arrange an inspection or for more information, please contact Jules Coutts.
Disclaimer:
Advertising Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
