Description: Town centre workers motel with excellent year round occupancy. Future looks very strong for this region.
Star Standard: 3 Star
Lease Term: 21 Years to March 2046
Rent: $132,000 Per Annum (as advised by Tenant)
Turnover: 2023/24$720,872.57; 2022/23$1,203,170.55; 21/22$539,864.71
Occupancy: 60%
Construction: Single storey besser block construction with besser block partitions and tin roof. Good condition for age. Presents well.
Interior Description: Medium sized units with average sized bathrooms. Fittout to suit the mining and trade workers.
Residence: 3 bedroom (1 with built-in wardrobe), lounge, dining, bathroom, 2 toilets, own kitchen, private yard, carport
Age: Built 1973 / 75 / 78
Clientele: Mining and trade workers, tourists, passing trade
Tariffs: Single From $109; Double From $109; Family from $159
Chain Affiliation: N/A
Restaurant: Yes - Not Used
Laundry: Commercial Washers & Dryers; Guest Laundry
Services: Room Service; Air-conditioned; Undercover Parking; Pool; Barbecue; Foxtel; Wi-fi; fire Rating.
Comment: Genuine vendor. Offering a solid 30% yield on your investment.
Trade for five years and be in a position to expand to the next level. Priced to sell.
MQ Property ID:
1P2825
