Innisfail, Queensland
SOLID FNQ MOTEL PASSIVE SUPER FUND INVESTMENT EARNING 7.9% INDEXED TO INFLATION - 2178MI
SOLD
Business Description
The Freehold Passive Investment of the Moondarra Motel is being offered with a solid tenant paying a current rent of $89,065 plus GST per annum.
This will increase in line with the CPI each year.
15 years left on the Lease.
Major Far North Queensland Agricultural City, with continued COVID proof occupancy.
The 14 room Motel has been a consistent trader and the tenant pays all outgoings.
It has had new water heaters, new roof, complete new underground plumbing, new electrical wiring, and new split system air conditioners.
The property presents in excellent condition and is offered at 7.9% return.
Annual Rent $89,065 plus GST
Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2178MI (quote when enquiring)
Property Code: 4303
Business Summary
Key Investment Insights
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.
