North Ward, Queensland
Outstanding Freehold Investment Motel in Townsville
SOLD
Business Description
On offer is the freehold investment of the Comfort Inn Robert Towns Motel which is located in Townsville North Queensland.
The Motel is currently owned by a Company who want to sell the freehold investment and keep the lease.
Th Motel comprises 47 rooms over various types and also offers a restaurant, a conference centre and a lovely swimming pool.
This Motel trades exceptionally well and the Tenant is a very well experienced operator.
The Motel has been fully refurbished and presents to a very high 4 star quality.
Rental income is $305,190 plus GST offering a return on investment of 8.5%.
Book an inspection as this investment will not last long.
There 28 years to run on the lease
Business Summary
Key Investment Insights
1. Freehold investment of the Comfort Inn Robert Towns Motel in Townsville, North Queensland is for sale.
2. The current owners, a company, want to sell the freehold investment and keep the lease.
3. The Motel has 47 rooms of various types, a restaurant, conference center, and swimming pool.
4. The Tenant is a well-experienced operator and the Motel trades exceptionally well.
5. The Motel has been fully refurbished and is of 4-star quality.
6. Rental income is $305,190 plus GST, offering a return on investment of 8.5%.
7. The lease has 28 years remaining.
8. The investment is expected to sell quickly, so booking an inspection is recommended.
