Mount Isa City QLD 4825
- Hotel / Leisure
- 1 m²
- For Sale, Leasehold $550,000
2418ML - Fantastic Starter, Brilliant Landlord
- Independent valuation for lease.
- A business you will be proud to own.
- New lease opportunity to put your mark and make money.
- Proven and established business.
- 30 ground floor quality units.
- Modern complex.
- Good team of staff members wanting to stay.
- Spacious residence and property.
This is a real opportunity for you to have a close look at as we are confident you can add value and do well from the property provided you do the basics well.
After a semi-hostile takeover from the prior tenant, past records are reasonably scarce, and the investment owner will work with you.
The Landlord is currently in possession and is offering a new lease after going through and repairing the property and initiating a number of growth opportunities for the business that you will get the immediate benefit of.
The property was built in stages around 1998 and 1999 and is currently performing beyond expectations and in line to do a $900,000 gross turnover for the year.
Net Profit $180,000 expected for 2019/20
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2418ML (quote when enquiring)
Location: Whether you call Queensland home, travel from interstate, or are visiting from abroad Mount Isa is a must-see destination! With a population of approximately 21,000, Mount Isa is a major service centre for North West Queensland, and a thriving city well equipped to satisfy residential, business and industrial needs.
Servicing the North West Mineral Province, Mount Isa is centrally located at the heart of one of the richest resource deposits in the world and has proven itself to be the commercial hub of North West Queensland. Along with strong support for the resource sector (and associated support industries), the Mount Isa City Council champions the citys retail, service, and other businesses.
Having successfully weathered the global economic crisis, Mount Isa and the region is moving forward in leaps and bounds. Recently, Xstrata announced that it would be investing a further $580 million into Ernest Henry Mine, located only an hour and a half away from the Mount Isa CBD.
Property Code: 3173
|Floor Area||1 m²|
|Land Area||Ask Agent|
|Annual Return||Ask Agent|
|Last updated||1 Nov 2019|