Nanango, Queensland

INVESTMENT OPPORTUNITY CBD LOCATION B&B INVESTMENT MOTEL - 1916MI

SOLD

Business Description

- New established and experienced tenant / operator on new, strong 30 year lease including options.

- 12 units in the heart of town, walk to everything.

- Adjoins main club and opposite Council Chambers, this offers an outstanding convenient location for guests.

- Compact location - easy to operate for tenants / operators.

- View up the main street from the office reception with plenty of street parking and exposure being opposite the Council Library and administration offices.

- Strong trading history and repeat trade.

- Under 2 hours to coast and Brisbane.

- Ideal long-term investment with a long term upside .

- Comfortable 2 bedroom unit adjoining reception area at the front of the property.

- Easy Maintenance - No pool and minimal gardens but walking distance to the Towns pool area and associated attractions.

Recent review on Trip Advisor: "Spotless room, beautifully made up. Very helpful and friendly manager. I will stay here every time I travel through and highly recommend this motel. Close to everything in town but still very quiet and comfortable."

Annual Rent: $83,200 plus GST

Growth Opportunities in Nanango:

1. Agriculture: Nanango is located in a region known for its farming, particularly beef cattle and grain production. Therefore, jobs related to agriculture, such as farm workers, equipment operators, and agribusiness professionals, may be in demand.

2. Retail and hospitality: Nanango is a small town with a growing tourist industry, which means there may be jobs available in the retail and hospitality sectors, such as retail assistants, customer service representatives, and food service workers.

3. Manufacturing and construction: Nanango is also home to a small but growing manufacturing sector, which includes industries such as metal fabrication and construction materials. Therefore, jobs in manufacturing and construction, such as welders, machinists, and construction workers.

4. Eco-tourism: With its natural beauty and outdoor recreational opportunities, there may be opportunities for new businesses in the eco-tourism sector, such as tour operators, outdoor gear and equipment rental, and accommodation providers.

5. Technology: Like many areas, the demand for technology services and products is growing in Nanango.

6. Infrastructure: The town has seen some improvements to its infrastructure in recent years, including upgrades to the main street and improvements to the town's water supply. These upgrades have helped to make the town more attractive to businesses and residents.

7. Proximity to major cities: Nanango is located within driving distance of major cities such as Brisbane and the Gold Coast. This has made the town an attractive option for people who want to live in a more rural setting but still have easy access to urban amenities and employment opportunities.

Some of the top tourism activities in and around Nanango include:

1. Pioneer Park Museum: This outdoor museum showcases the history of the South Burnett region through a collection of historic buildings and artifacts.

2. Ringsfield House: This historic homestead dates back to the 1800s and offers tours of the house and gardens.

3. Nanango Country Markets: Held on the first Saturday of every month, these markets offer a variety of local crafts, produce, and food.

4. Tarong Power Station: Located just outside of Nanango, the Tarong Power Station offers tours of the facility and a look at the process of generating electricity.

In 2020, the Tarong Power Station announced plans to build a new 26 MW solar farm adjacent to the existing power station. The solar farm will consist of approximately 80,000 solar panels and will generate enough energy to power around 4,000 homes.

This new solar farm is part of a larger plan to transition the Tarong Power Station to a more sustainable energy mix. The power station has already added a 44 MW solar farm to its facilities, which has helped to reduce its reliance on coal and decrease its carbon emissions.

Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.

Property ID: 1916MI (quote when enquiring)

Property Code: 4525

Business Summary