Freehold Motel Investment. High Yield Anticipated Circa 11%.
30 Far Street, WEST GLADSTONE QLD
Description
– Five year lease to 2020 with options through to 2040
– Gladstone Palms Motor Inn – 36 room motel with licensed restaurant, swimming pool, conference room and three bedroom managers’ residence
– Annual CPI rent reviews
– Tenant pays all usual outgoings including Land Tax and maintenance costs
– Substantial 5,808 sqm site with three street frontages including 1,700 sqm development land at rear
– Conveniently located 4km from the airport on busy highway amongst KFC, Red Rooster, Supercheap Auto & Gladstone Central Shopping Centre
– Gladstone – major industrial hub, with two of the world’s biggest alumina refineries and Queensland’s largest multi-commodity port
– Net Income: $297,013 pa + GST
Property Details
Listing
Sale
Land Size
5,808 SQM
Building Area
1,515 SQM