Innisfail, Queensland
2178MI - SOLID FNQ MOTEL PASSIVE SUPER FUND INVESTMENT EARNING 8.1% INDEXED TO INFLATION
SOLD
Business Description
The Freehold Passive Investment of the Moondarra Motel is being offered with a solid tenant paying a current rent of $79,700 plus GST per annum. This will increase in line with the CPI each year. 17 years remain 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.
The Landlord operated the motel for many years before selling the first lease in 2012. Prior to that he spent a large amount of money preparing the property for sale.
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 8.1% return.
Annual Rent $79,700 plus GST
Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2178MI (quote when enquiring)
Property Code: 3557
Business Summary
Key Investment Insights
1. The Freehold Passive Investment of the Moondarra Motel is being offered with a solid tenant paying a current rent of $79,700 plus GST per annum.
2. The rent will increase in line with the CPI each year, providing a stable and inflation-indexed income for the investor.
3. The motel is located in a major Far North Queensland Agricultural City, providing a steady stream of potential customers.
4. The occupancy of the motel has remained consistent and COVID-proof, demonstrating its resilience in uncertain times.
5. The 14 room motel has been a consistent trader, providing a reliable and steady income for the landlord.
6. The tenant is responsible for paying all outgoings, reducing the landlord's expenses and increasing their net income.
7. The landlord has previously operated the motel and has invested in significant upgrades, ensuring the property is well-maintained and in excellent condition.
8. The property is offered at an attractive 8.1% return, providing a high-yield investment opportunity.
9. The annual rent of $79,700 plus GST provides a strong and stable income for the landlord.
10. Interested parties can contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.
11. The property has a Property ID of 2178MI and a Property Code of 3557, making it easy to identify and inquire about.
