Queensland North Coast
QLD
$600,000
Freehold - Hotel - InvestmentPrice: $789,000Net Profit: $0 |
Visit this listing at https://www.sbx.com.au/business?id=TTQD1074 |
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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. DescriptionFreehold 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
Weekly SummaryRent$1,879Price$789,000 |
Contact SBXNSW (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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