30 Far Street,
West Gladstone, QLD 4680

Hotel, Motel & Leisure • Shops & Retail

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Freehold Motel Investment. High Yield Anticipated Circa 11%.

5,808 sqm site with 3 street frontages
Annual CPI reviews
5 year lease to 2020 + options to 2040

- Five year lease to 2020 with options through to 2040
- Gladstone Palms Motor Inn - 36 room motel with licensed restaurant, swimming pool, conference room and three bedroom managers' residence
- Annual CPI rent reviews
- Tenant pays all usual outgoings including Land Tax and maintenance costs
- Substantial 5,808 sqm site with three street frontages including 1,700 sqm development land at rear
- Conveniently located 4 km from the airport on busy highway amongst KFC, Red Rooster, Supercheap Auto and Gladstone Central Shopping Centre
- Gladstone - major industrial hub, with two of the world's biggest alumina refineries and Queensland's largest multi-commodity port
- Net Income: $297,013 pa + GST

Auction 11AM AEDT Tuesday 4 April 2017
Doltone House Hyde Park, 181 Elizabeth Street, Sydney

Property ID: 502317078Last Updated: 8 Jun 2017

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