Miles, Queensland
FREEHOLD INVESTMENT, LONG LEASE IN PLACE - 2023MI
SOLD
Business Description
Solid brick building with new 30 year lease in place.
Owner is motivated to sell the asset comprising of:
- 12 ground floor rooms of varying configurations.
- 3 bedroom residence.
- Low maintenance grounds and gardens, pool and barbeque area.
- New 39km solar system to save on power bills.
- Main road exposure in the centre of town.
- Rent currently at $70K pa with CPI increases.
- Many upgrades have occurred in the past 6 months to ensure the profitability of the business and to minimise expenses - full list is available on the property summary.
- New motivated tenant and secure long-term tenture.
Miles is in the middle of a strong agricultural area and the SW QLD gas fields. It is on the main arterial highway leading from Brisbane and caters for tradies and travellers of all kinds. It is a small friendly town approximately 2.5 hours from Toowoomba.
Bricks and mortar are a rock-solid investment. Call now for further information as the owner has said "Make me an offer!".
Annual Rent: $70,000 plus GST
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2023MF (quote when enquiring)
Property Code: 4421
Business Summary
Key Investment Insights
1. Solid brick building with new 30 year lease in place.
2. Owner is motivated to sell the asset.
3. 12 ground floor rooms of varying configurations.
4. 3 bedroom residence.
5. Low maintenance grounds and gardens, pool and barbeque area.
6. New 39km solar system to save on power bills.
7. Main road exposure in the centre of town.
8. Rent currently at $70K pa with CPI increases.
9. Many upgrades have occurred in the past 6 months.
10. New motivated tenant and secure long-term tenancy.
11. Located in a strong agricultural area and near the SW QLD gas fields.
12. On the main arterial highway from Brisbane.
13. Caters to tradies and travellers.
14. Small friendly town approximately 2.5 hours from Toowoomba.
15. Bricks and mortar are a rock-solid investment.
16. Owner open to offers.
17. Annual rent of $70,000 plus GST.
18. Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
19. Property ID: 2023MF (quote when enquiring).
20. Property Code: 4421.
