26 room leasehold motel with 30 year lease. Great Northern Queensland Coastal location.
Immaculately presented leasehold motel opportunity located within a strong regional coastal Queensland city. Undercover car parking for all 26 rooms, guest laundry, in-ground pool, reception with adjoining 50 seat restaurant and bar, and a very comfortable 3 bedroom residence above reception. Consistently good trading figures including above expectation results during the recent pandemic
A new lease agreement for an initial term of 10 years to commence at settlement with 2 option terms of ten years each to follow.
Excellent presentation and solid maintainable financial returns.
Asking price is plus Stock at Cost
- Floor Area is 1,000 m²