Innisfail QLD 4860
- Hotel, Motel, Pub & Leisure
- 1 m²
- For Sale, PASSIVE INVESTMENT $990,000 neg.
2178MI - SOLID FNQ MOTEL PASSIVE SUPER FUND INVESTMENT EARNING 8.1% INDEXED TO INFLATION
The Freehold Passive Investment of the Moondarra Motel is being offered with a solid tenant paying a current rent of $79,700 plus GST per annum. This will increase in line with the CPI each year. 17 years remain on the Lease.
Major Far North Queensland Agricultural City, with continued COVID proof occupancy.
The 14 room motel has been a consistent trader and the tenant pays all outgoings.
The Landlord operated the motel for many years before selling the first lease in 2012. Prior to that he spent a large amount of money preparing the property for sale.
It has had new water heaters, new roof, complete new underground plumbing, new electrical wiring, and new split system air conditioners.
The property presents in excellent condition and is offered at 8.1% return.
Annual Rent $79,700 plus GST
Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2178MI (quote when enquiring)
Property Code: 3558
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