88 Toolooa St, South Gladstone, Queensland

Freehold Passive Investment - $1,110,000

Property Description

GLADSTONE MOTEL - FREEHOLD PASSIVE INVESTMENT 9% NET RETURN $1,110,000

Freehold Passive Investment.

9% net return

$100,000,00 per year plus GST. Adjusted annually to CPI.

Secure investment.

Deal direct with the Owner.

Current owner will continue the operation of the motel as a tenant.

Set on a large block of 2605m2 with:-
* 20 ground floor units
* Saltwater swimming pool
* Restaurant & conference facilities.
* Newly renovated throughout
* Cement block with colorbond roof and sealed driveways
* Quiet area.
* Undercover Car park in front of the rooms.

RESIDENCE:-
The residence is 1 bedroom, 1 bathroom, kitchen, lounge and reception. Very comfortable for a couple.

LOCATION:-
Just 500m from the shore with good exposure and passing traffic. Walking distance to shops, restaurants, cafes and all that Gladstone has to offer. A great relaxed lifestyle with close proximity to the islands.

WEBSITE: www.gladstonemotel.com.au

ADDRESS: 88 Toolooa street, Gladstone, Qld, 4680

Property Summary

Motel Information

Total Rooms: 20Stars: 3.5Restaurant Facilities: YesLiquor Licence: -Restaurant: YesLease: Freehold

Marketing Agent


Marketing Agency

Gladstone Motel

John Barounis
Gladstone Motel

Phone

Listing Tools

This listing last updated: 11th September 2020

Property Map

Map Location ( get directions )

88 Toolooa St, South Gladstone, Queensland 4680

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