GLADSTONE MOTEL - FREEHOLD PASSIVE INVESTMENT 9% NET RETURN $1,000,000
Freehold Passive Investment.
9% net return
Rent $90,000,00 per year plus GST. Adjusted annually to CPI.
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.
The residence is 1 bedroom, 1 bathroom, kitchen, lounge and reception. Very comfortable for a couple.
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.
ADDRESS: 88 Toolooa street, Gladstone, Qld, 4680
Motel InformationTotal Rooms: 20Stars: 3.5Restaurant Facilities: YesLiquor Licence: -Restaurant: YesLease: Freehold