Charters Towers, Queensland

Leasehold $600,000

Property Description

Grand Hotel Motel property in Central Charters Towers - 1P5034M

EXCLUSIVE TO CRE BROKERS. You only have to spend a few minutes with a coffee in Charters Towers to realise this town is thriving.

Surrounded by a diverse range of mining activities as well as a tourist attractions such as Towers Hill, the old Stock Exchange Arcade and the Zara Clark Museum. Charters Towers is the Highway intersection that connects Townsville with Mt Isa and Cloncurry (East-West) and Clermont and Emerald to the South.

This is a busy Motel located a short walking distance to the CBD with a diverse range of regular clients from Mining, Roadworks, Farming and Tourism.

Turnover for the year 2018/19 was $960,000 and this Motel has scope left to reach its full potential. Despite Covid, turnover for 2019/20 was 1.2% higher than 2019-20. This is a business for the times.

Buyer's Yield is 32.5%

Property Summary

Other Features / Notes

A:LEASEHOLD, B:MOTEL

Marketing Agent


Marketing Agency

CRE Brokers

Ronnie Slebos
CRE Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Charters Towers, Queensland 4820 Exact map location not provided

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