192 Bolsover St, Rockhampton City, Queensland
Outstanding Passive Hotel Investment
SOLD
Business Description
JLL Hotels & Hospitality Group is proud to offer for sale the Quality Hotel Regent, Rockhampton QLD.
Investment attributes include:
• Leased investment with 10 year initial term & 2 x 5 year options
• 49 key hotel set in a beautifully refurbished heritage building with a classic yet sophisticated finish
• Tenant operates under a franchise agreement with Choice – an international hotel chain
• Central, convenient location just a short walk to the centre of Rockhampton - ideal base for visiting the Great Barrier Reef or Great Keppel Island
• On-site restaurant, Regent Café and on-site cocktail bar, conference facilities for up to 100 guests & outdoor pool with tropical surrounds
• Net Income: $615,510* (FY25)
For Sale by Expressions of Interest
Closing Thursday 3 October 2024 at 4.00pm (unless sold prior)
Business Summary
Key Investment Insights
1. Leased passive investment, offering immediate rental income with a 10 year initial lease term and two 5 year tenant options.
2. Net income of $615,510 projected for FY25, indicating established cashflow for investors.
3. Tenant-operated under a franchise agreement with Choice, providing brand recognition and reservation network.
4. 49-key hotel scale, suitable for manageable operations and consistent occupancy across market segments.
5. Recently refurbished heritage building, delivering a classic yet sophisticated finish that enhances guest appeal.
6. Central Rockhampton location, a short walk to the town centre, supporting corporate and leisure demand.
7. Proximity to the Great Barrier Reef and Great Keppel Island, positioning the hotel as a base for regional tourism.
8. On-site food and beverage assets including the Regent Café and cocktail bar, offering ancillary revenue streams.
9. Conference facilities for up to 100 guests, enabling events and group business demand.
10. Outdoor pool with tropical surrounds, adding leisure amenity appeal for guests and longer-stay visitors.
11. Offered for sale by Expressions of Interest with a closing date, presenting a defined transaction timetable.
