00 main Road, Mackay QLD 4740

$675,000 plus SAV

Leasehold 35 room Northern Queensland Coastal motel complex offerd with 30 year lease.

This coastal Queensland leasehold motel complex is well located on the main highway, and offers quality comfortable accommodation in a range of room configurations mainly to construction tradies.
This high exposure, low set complex consists of 35 rooms, an outdoor saltwater swimming pool, BBQ area, on-site restaurant, bar & lounge, children’s play area, guest laundry and a 2-bedroom owners’ residence.
The current owners of 15 years are offering this property due to health reasons with potential to increase on already consistent trade. The motel has spare land for future expansion and can be acquired either as a freehold going concern or leasehold.
The property is currently being run under part time management.
For ongoing security, there will be a new 30-year lease with an initial term of 10 years with options to follow.

Rent: Approximately $135,000.00 pa + GST
Rent Reviews: Annually CPI and market review at commencement of the option terms
Outgoings: Payable by the leasehold owner, shown in the P & L.

Property Features

Outgoings: No

Real Estate Agent
David Radonich
Commercial Sales Executive