80 Mitchell Street North Ward QLD 4810

• Strong Holding income
• Motel runs at an average of 80% occupancy
• Consistent repeat clientele from Corporate / Government / Industry & Tourism travellers
• Ideal 'beginners' motel, easily operated by a couple or Family
• Land area: Regular Shaped 1,012m²* with future redevelopment potential (STCA)
• Highly sought-after seaside suburb location of North Ward
• One street back from Townsville's waterfront (The Strand)
• Close to dining and shopping precincts with great amenities nearby

• The room configuration is made up of the following accommodation styles:
- 2 Deluxe Studio Rooms (Large)
- 2 x Studio Rooms
- 1 x 1 Bedroom (Separate Bedroom)
- 2 Motel Rooms
- There is also a 3 Bed, 1.5 Bathroom 'managers residence' on site that can also be let to produce income

• 5 of the 7 units have cooking facilities as does the manager's residence
• Immaculately maintained property & grounds
• Modern fit-out (recently refurbished in Aug 2020)
• Caters for both short-term and long-term letting
• Recognized brand name - "Motel on Mitchell"
• The current owners have operated the property for 17 years
• Current owner/operator would be willing to assist with the transition

For further information or to arrange an inspection, please contact Aaron Power at Colliers or Troy Townsend at Ray White Commercial.

*Approx
^Outlines / markups indicative only