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Address:
Freehold Investment Motel
Mt Isa,
Qld
Price: $ 950,000.00
Property Description:
Refurbished Freehold Motel
With 29 Units, in a Solid Queensland City. One acre of freehold land & located in the Main Street. Showing a net return to investor of over 12%, this newly refurbished motel can be purchased for $950,000
- Length of Lease, 3 years with 3 x 5 year options
- Owners Occupancy, Nine Years
- Construction, Block
- Rent per annum, $115,000 + GST
- Age of Building, 33 years
- One Bedroom Residence
- Licenced Air-conditioned Restaurant
- Salt Water Pool
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