Toowoomba City QLD 4350
- Hotel / Leisure
- 1 m²
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
|Date Sold||31 Jul 2019|
|Floor Area||1 m²|
|Land Area||3,159 m²|
|Last updated||4 Jun 2019|