Maryborough, Queensland
PASSIVE INVESTMENT SALE ROI - 8% CRITERION HOTEL MARYBOROUGH QLD.
$1,400,000
Business Description
Current Owner to take up on Lease 2 and operate, Lease 1 has current tenant of Ground Floor Operation.
- BAR, CAFE, NIGHTCLUB, BEER GARDEN
- ACCOMODATION
* 2 x Leases consisting of 30 years (10 x 3 years) each.
* Lease 1: Ground Floor Cafe, Bar, Nightclub, Beer Garden lease $54,000 per annum CPI increases, lease holder paying 100% the outgoings.
*Lease 2: Accommodation ( Refurbish at Lessee's expense including new roof ) 2nd and 3rd Floors, $60,000 per annum CPI increases.
* TOTAL RENT $114,000 per annum.
* Strong Bar, Cafe, Night Club, Beer Garden and once complete Accomodation Business.
* Maryborough is on the move with "Government Incentives" on offer to further improve site.
* Potential for 3 X Off Premise Licences that can be sub leased or operated by the lease holder.
Business Summary
Motel Information
Total Rooms: 18Liquor Licence: Yes
Hotel Information
Total Rooms: 18Restaurant Facilities: -Liquor Licence: YesRestaurant: -Lease: -
Key Investment Insights
Key Insights:
1. Passive investment opportunity with a high ROI of 8% for the Criterion Hotel in Maryborough, QLD.
2. Current owner to take up Lease 2 and operate, while Lease 1 has a current tenant for the ground floor operations.
3. The hotel offers a range of facilities including a bar, café, nightclub, and beer garden, as well as accommodation on the 2nd and 3rd floors.
4. The two leases have a combined total of 30 years (10 x 3 years each) and generate a total rental income of $114,000 per annum.
5. The ground floor lease holder pays 100% of the outgoings, providing a steady income for the passive investor.
6. Maryborough is a growing area with government incentives available to further improve the site, making it a promising investment opportunity.
7. There is potential for three off-premise licenses that can be sub-leased or operated by the lease holder, providing additional income streams.
8. The hotel has a total of 18 rooms and a liquor license, making it a popular destination for both locals and tourists.
9. The hotel also has the potential for a restaurant, which could be added to the business to further increase revenue.
10. The lease for the hotel is currently open, providing the opportunity for the new owner to negotiate favorable terms and conditions.
