Address available on request,
St George, QLD 4487
Hotel, Motel & Leisure
Price information
Sold
$1,980,000
Key property information
Floor area
Property extent
Sold on
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WELL PRESENTED FREEHOLD INVESTMENT MOTEL IN WESTERN QUEENSLAND FOR SALE!
As EXCLUSIVE Brokers, we are very proud to have been appointed to market the freehold investment of the Jacaranda Country Motel for sale.
The Motel is a high 4 star property located in the Western Town of St. George in Queensland.
It comprises 18 high quality rooms and a very large and well designed 3 bedroom residence with a private fenced yard. It also has full reverse cycle air conditioning and verandahs on 2 sides.
There has been some major recent upgrades done by both the Vendor and the Tenant and there is nothing more to spend on the Motel.
The current rent is $173,000 plus GST per annum.
The Tenant pays all outgoings including Landlord Insurance and Land Tax.
A new Tenant has recently purchased the lease of the Motel with 14 years left to run.
This will offer a buyer upside once the Tenant settles and purchases extra lease options.
This is a standout investment of a high quality property.
The Motel is a high 4 star property located in the Western Town of St. George in Queensland.
It comprises 18 high quality rooms and a very large and well designed 3 bedroom residence with a private fenced yard. It also has full reverse cycle air conditioning and verandahs on 2 sides.
There has been some major recent upgrades done by both the Vendor and the Tenant and there is nothing more to spend on the Motel.
The current rent is $173,000 plus GST per annum.
The Tenant pays all outgoings including Landlord Insurance and Land Tax.
A new Tenant has recently purchased the lease of the Motel with 14 years left to run.
This will offer a buyer upside once the Tenant settles and purchases extra lease options.
This is a standout investment of a high quality property.
Property ID: 503787558Last Updated: 13 Jun 2021
0408 2252...
Address available on request
St George, QLD 4487
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