7% Net Yield | High Exposure Motel Investment – Secure 10 Year Lease + Options to 2050

100 Gladstone Road , Allenstown QLD

Property Highlights

Net Lease - Tenant Pays all Outgoings
22,000 Vehicles Passing Daily
Prime Corner Site - 1,310sqm

Description

+ New 10-year lease until 2030 with options through to 2050
+ Large 1,301 sqm* corner site with direct exposure to Gladstone Road, a major arterial road servicing an average of 22,000+ vehicles passing daily
+ Prime location: one of the first motels when travelling south from the Rockhampton City.
+ Investor preferred lease terms with the tenant paying all outgoings including land tax
+ Annual CPI rent increases ensuring strong rental growth
+ Surrounded by essential infrastructure including the Rockhampton Airport – 3km, Rockhampton Hospital – 1.8km, CQ University – 1.2km, Mater Private Hospital – 1km and Rockhampton Train Station – 700m
+ Less than 1.8 kilometres from Rockhampton City Centre Plaza Shopping Centre, anchored by Coles, Target and Terry White Chemists – 30 + specialty retailers
+ Located 400m from Allenstown Square Shopping Centre, anchored by Woolworths and The Reject Shop – 25 + specialty retailers
+ Gladstone Road: a major arterial road connecting the Bruce & Capricorn Highway to the Rockhampton City
+ Rockhampton: diverse economy underpinned by resource & agriculture generating $84.5B annually in 2021
+ Net Income: $105,147.93 pa* + GST

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Accommodation
Land Size
1,310 SQM
Building Area
1 SQM

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