Gladstone Central, Queensland

2663MF - CBD MONEY MAKER 56 RENOVATED APARTMENTS WITH STRONG UPSIDE

EXPRESSION OF INTEREST

Property Description

- Recently renovated 56 modern one-bedroom apartments (all 65 m2 plus).

- Position, Position, Position is the key.

- CBD location and easy walking to all areas.

- $1.3M Expected net and growing.

- 75% average occupancy and growing.

- Achieved room rates ranging from $120 - $200 per night.

- Central position offers access to restaurants, galleries, meeting venues, Museum, art gallery and the like.

- Outdoor pool, barbeque and sitting / entertaining area.

- Featuring a modern, recently renovated, well positioned restaurant with fully equipped kitchen and bar.

- 57 undercover secure car spaces.

- The property benefits from a quality build (Thiess Watkins) and is evidenced by long term ownership. (The same owner for 34 plus years).

- Each unit has a kitchen with an oven, microwave and washing machine and are highly regarded by guests. Many with superb views from their private balcony.

- Guests can explore the spectacular beauty of this part of the world - The Great Barrier Reef, Lady Island, Musgrave Island, the National Parks and Hinterlands.

- Gladstone has a sub-tropical climate with islands, waterways and beaches allowing year-round boating, fishing, swimming, and surfing.

- Strategic holding with a long-established position and business that is worthy of your investigation.

Net Profit: $1.3m expected

Contact Richard O’Connell from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2663MF (quote when enquiring)

Property Code: 3890

Property Summary

Motel Information

Marketing Agent
Richard O'Connell
Richard O'Connell

Listing location
Gallery

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Properties

You may also like

Business For Sale - Live the Bayside Lifestyle - ID 8957 BL
Prime location with high occupancy rates & net returns | Resort Brokers ID : LH006891
Quest Apartments - Regional Powerhouse, net profit over $1m | Resort Brokers ID : LH006917
Business For Sale - Lifestyle Permanent Management RIghts - ID 9031 BL
Realistic Vendor - Keen To Sell
Not Required to Live Onsite
Located in Eight Mile Plains
Rare Large Townhouse Complex - High Renumeration
Quiet Townhouse Complex
Solid Investment - Motivated Vendor
Great Value Management Rights in Loganlea
Low Multiplier - Realistic Vendor - Potential For Growth
Brisbane CBD - Motivated Vendor
82HF - THRIVING QLD PUB WITH FANTASTIC ROI
Business For Sale - Large Varsity Lakes Permanent - ID 8941 H
Secure this rare FREEHOLD motel on prime coastal reality with KNOCKOUT views! | Resort Brokers ID : FH006910
ONE OF QUEENSLAND'S LARGEST MANAGEMENT RIGHTS PORTFOLIO’S TO HIT THE MARKET | Resort Brokers ID : MR006896
FREEHOLD CARAVAN PARK IN NORTH WEST QLD OFFERED WITH RETURN OF OVER 16%