Pittsworth, Queensland

Motel Passive Investment - Qld

SOLD

Business Description

Well presented 4 star property.
Only 12 years old
34 Units
2 Bedroom Managers Residence
In-ground Pool
Restaurant & Bar
Conference Facilities
25 Year Lease
Tenant pays all outgoings
Rent due to increase in May 2020
Current rent: $226,216 + gst

Business Summary

Marketing Agent

Christine Fuller

Jim McDonald Brokers

Key Investment Insights

1. Well-maintained and modern 4-star motel property with a 25-year lease.

2. Only 12 years old, indicating a relatively new and updated property.

3. 34 units available for guests, providing a potentially steady stream of income.

4. Includes a 2-bedroom manager's residence, providing convenience and potential cost savings for the owner.

5. Features an in-ground pool, adding to the amenities and appeal of the property.

6. Includes a restaurant and bar, potentially generating additional income for the owner.

7. Conference facilities are available, providing potential for business and corporate bookings.

8. Tenant is responsible for paying all outgoings, potentially reducing the owner's expenses.

9. Rent is due to increase in May 2020, potentially increasing the owner's income.

10. Current rent is $226,216 + GST, indicating a potentially lucrative investment opportunity.