Key Investment Insights
AI generated. Confirm details with the seller.
1. The Moondarra Motel is a profitable business with a solid tenant in place, making it an attractive investment opportunity for a passive super fund.
2. The current rent is $89,065 per annum, with annual increases in line with the CPI, providing a stable and consistent income stream.
3. The lease still has 15 years remaining, providing long-term security for the investor.
4. The motel is located in a major agricultural city in Far North Queensland, which has proven to be a COVID-proof location with high occupancy rates.
5. The property has 14 rooms and has consistently traded well, with the tenant responsible for all outgoings.
6. Significant improvements have been made to the property, including new water heaters, roof, plumbing, electrical wiring, and air conditioning, ensuring it is in excellent condition.
7. The property is being offered at a return of 7.9%, making it a competitive and attractive investment opportunity.
8. Interested parties can contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.
9. The property has a unique ID of 2178MI, which should be quoted when enquiring.
10. This is a rare opportunity to acquire a profitable and well-maintained motel in a desirable location, making it an ideal investment for a passive super fund.
