Rosslea, Queensland
FREEHOLD INVESTMENT MOTEL IN TOWNSVILLE FOR SALE
SOLD
Business Description
We are pleased to have been appointed as Exclusive Brokers to market the freehold investment (passive) interest of the Banjo Paterson Motor Inn located in Townsville, North Queensland.
The Motel comprises 25 rooms over various configurations and also offers a very well presented onsite Restaurant. Although the Restaurant is open to the public, it caters mainly to in house guests.
The Motel is located on the busy Bowen Road strip. It is very close to all sporting fields and facilities that bring large numbers of guests to the region.
Townsville is also home to the “ Grooving the Moo” music festival and of course, the V8 races in July.
Adani have recently been granted approval to proceed with their mining interests and are planning to locate their Head Office in Townsville.
The construction of the long awaited stadium is also about to commence.
With a rental income of $135,000 per annum and Tenant paying outgoings, this will show a 9.8% ROI!
Business Summary
Key Investment Insights
1. Exclusive brokers have been appointed to market the freehold investment interest of the Banjo Paterson Motor Inn in Townsville, North Queensland.
2. The motel has 25 rooms with various configurations and an onsite restaurant that mainly caters to in-house guests.
3. Located on the busy Bowen Road strip, the motel is close to all sporting fields and facilities, making it a popular choice for guests.
4. Townsville hosts popular events such as the "Grooving the Moo" music festival and the V8 races in July, bringing in a large number of guests.
5. Adani has been granted approval to proceed with their mining interests and plans to locate their head office in Townsville, potentially increasing demand for accommodation in the area.
6. The construction of a new stadium is about to commence, providing potential for increased business.
7. The rental income for the motel is $135,000 per annum, with the tenant responsible for paying outgoings.
8. This investment opportunity offers a 9.8% ROI, making it a potentially profitable venture.
