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Sold on 31 Jul 2019

Toowoomba City QLD 4350

  • Hotel / Leisure
  • 1 m²
  • Sold

2565MI - Rare High-Quality Motel Investment Opportunity

- High Standard 4 star motel

- 18 quality units

- 30 year Lease at settlement

- Excellent business

- Lease term and rent adjusted for sustainability of tenant

- Excellent experienced tenant

- Brick construction

- All outgoings paid by tenant

- Minimal maintenance requirements

- Strong 7.6% Return

- Exceptional and rare Motel Investment opportunity in Toowoomba

- Contact us now for further details

On offer is the Freehold Investment interest of the outstanding Motel situated in the ever-growing town of Toowoomba.

This highly regarded 4 star motel was built to high standard and has been maintained in excellent condition. The Motel offers 18 stylish, well-appointed rooms, a large four bedroom residence, salt water pool with a spa and an undercover barbeque area for inhouse guests. The well-maintained grounds are low maintenance.

The lease length and rent component will be adjusted at settlement to ensure the tenancy is sustainable well into the future.

Toowoomba is a major regional town with a population of approximately 150,000. The town has high quality private and public schools, excellent hospitals, the new international ready airport and everything else one would expect, and more from a major regional town.

Investments of this calibre are rare - especially in this town, it won't be for sale for long.

Annual Rent: $160,000 plus GST

Contact Mark Tuck from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2565MI (quote when enquiring)

Property Code: 3086

Property Highlights

Property ID2015137910
Date Sold31 Jul 2019
Floor Area1 m²
Land Area3,159 m²
ParkingAsk Agent
Category
Last updated  4 Jun 2019
Map for Toowoomba City QLD 4350
Tourism Brokers
32 Lamorna Ave Beecroft NSW 2119

Ask Mark Tuck about this property

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