21 Ingham Road,
West End, QLD 4810

Hotel, Motel & Leisure • Other

Price information

Sold

$1,400,000

Key property information

Land area

Floor area

Property extent

Zoning

Tenure type

Sold on

Map of 21 Ingham Road

Directions

The Midtown Motel - New 10 year lease in place

New 10 Year lease Expiring 31 Aug 2025
Current Return - $140,000 pa net
21 Motel Rooms plus 2 Bedroom Residence

Colliers International are pleased to offer to the market 21 Ingham Road, West End better known as “The Midtown Motel”. Situated on Townsville’s CBD fringe the property comprises of 21 motel rooms with dedicated amenities to each room, function room and kitchen facilities (no equipment currently) along with a 2 bedroom second storey manager’s apartment overlooking the complex.

Recently undergoing a quality makeover and being restored to accommodate short to medium term occupants. With 24 at grade on site car parks and access via Morris Street this asset is underpinned with a long term rental income with the potential for future development upside due to its CBD bookend location.

Additional information relating to the offering can be made available upon request by contacting:

NEVILLE SMITH or JAMES PASCOE
0438 765 087 or 0411 296 070

Property ID: 501864350Last Updated: 25 May 2016

07 4722 24...