220MI - Solid Long Term Investment with a Proven Track Record - Fantastic Opportunity
- Rare investment opportunity with a strong money making tenant.
- Strong lease. (32 years remaining including options)
- Strong profile property and position, walk to CBD, Hospital and a number of other attractions.
- 32 award winning rooms.
- $300,000 spent in 2012 to build a huge conference room and bar with more spent on the entire property in 2015.
- All of the motel rooms have been refurbished and are in good condition.
- In-ground pool with shade sail and entertaining area, ample parking, renovated reception, commercial and guest laundry, detached hotel providing a public bar, restaurant, commercial kitchen, two storerooms, barbeque area and office.
- Property of 3,035 m²
- A property you would be proud to own!
Annual Rent: $250,000 pa plus GST
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 220MI (quote when enquiring)
Property Code: 2966
Motel InformationRestaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -