128 East Street,
Rockhampton City, QLD 4700

Hotel, Motel & Leisure

Price information

Sold

Contact Agent

Key property information

Land area

Floor area

Parking info

Property extent

Municipality

Tenure type

Sold on

Kelly & Co Property - Brisbane

Level 12, 324 Queen Street
BRISBANE CITY, QLD 4000

128 East Street

Rockhampton City, QLD 4700

Map of 128 East Street

Directions

10 Year Lease Plus Option to 2036 - High Profile CBD Asset - 10% Net Yield Expected

10% Yield expectation
10 Year lease + option to 2036
Tenant pays all outgoings

10 Year lease to July 2026 plus options to 2036
Prime CBD corner position
Long established iconic hotel and restaurant in the heart of the city
Land area 899 square metres
Building area 1,915 square metres over 3 levels
Tenant pays outgoings as per the lease
Annual CPI rent increases
3 Month bank guarantee
Principal Centre Zone under the Rockhampton regional planning scheme
Rockhampton - The administrative and commercial centre of central Queensland and the beef capital of Australia,
growing population 100,000 plus
Net income $363,780 p.a. (plus GST)

Auction 11am AEDT Wednesday 27 February 2019
River Room, Crown Casino, Melbourne

Property ID: 503074354Last Updated: 20 May 2021

This information is supplied by realestate.com.au (ABN 21 080 195 535) on behalf of Proptrack Pty Ltd (ABN 43 127 386 298). Copyright and Legal Disclaimers about Property Data.

Kelly & Co Property - Brisbane

Level 12, 324 Queen Street
BRISBANE CITY, QLD 4000