Visit this listing at https://www.sbx.com.au/business?id=TTQD1074

Business Code: TTQD1074

Key Features: Freehold Hotel - Marlborough QLD Location

State: QLD

Suburb: Marlborough, 4705

Location: Small country town approx. 1 km. off main highway in central coast of Queensland.

Description

Freehold country hotel with 12 room accommodation. - Under leasehold. - Serving a lunch and dinner menu. - 4 poker machines (vendor is licensee) - A very welcoming hotel with single public bar and lounge dining area that flows through to a large covered and concreted outdoor entertainment area and large caravan park - Recent maintenance done. - Nett return 10.85%

Summary

  • Features: Well established. - Cash flow positive. -Great returns. - Excellent sound investment. - Very reasonable price. - No competition. - Established long term lessee in place.
  • Potential: Could take advantage of mining influx and put more accommodation on the vacant land. - Could improve land facilities for more campers/ travellers.
  • Premises: Older style single storey timber building in good condition with a classic red awning at front on 3.5 acres.
  • Trading Hours: (Lessee operating 7 days)
  • Lease: New 10 year lease has been signed from 2017 - C.P.I. yearly increases - Lessee pays insurance, rates and all outgoings.
  • Employees: Lessee is husband and wife team.
  • Comments: Town has primary school, general store, post office, ambulance with helipad. -Bank guarantee matched to C.P.I. that increases yearly - Only long drive stop for truckles and short stay for FIFO mining workers.

Weekly Summary

Rent

$1,879

Price

$789,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Freehold - Hotel - Investment

Business Code: TTQD1074
Price: $789,000

Key Features: Freehold Hotel - Marlborough QLD Location

State: QLD

Suburb: Marlborough, 4705

Location: Small country town approx. 1 km. off main highway in central coast of Queensland.

Description

Freehold country hotel with 12 room accommodation. - Under leasehold. - Serving a lunch and dinner menu. - 4 poker machines (vendor is licensee) - A very welcoming hotel with single public bar and lounge dining area that flows through to a large covered and concreted outdoor entertainment area and large caravan park - Recent maintenance done. - Nett return 10.85%

Summary

  • Features: Well established. - Cash flow positive. -Great returns. - Excellent sound investment. - Very reasonable price. - No competition. - Established long term lessee in place.
  • Potential: Could take advantage of mining influx and put more accommodation on the vacant land. - Could improve land facilities for more campers/ travellers.
  • Premises: Older style single storey timber building in good condition with a classic red awning at front on 3.5 acres.
  • Trading Hours: (Lessee operating 7 days)
  • Lease: New 10 year lease has been signed from 2017 - C.P.I. yearly increases - Lessee pays insurance, rates and all outgoings.
  • Employees: Lessee is husband and wife team.
  • Comments: Town has primary school, general store, post office, ambulance with helipad. -Bank guarantee matched to C.P.I. that increases yearly - Only long drive stop for truckles and short stay for FIFO mining workers.

Weekly Summary

Rent (ex GST)

$1,879

Price

$789,000

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The information contained on each individual business for sale has been gathered from the vendor or landlord and/or professional service providers and is believed to be accurate and current as at the date of publication. SBX Business Brokers provides no warranties of any nature are given, intended or implied and prospective purchasers must rely on their own enquiries and should verify the accuracy of information before proceeding.