Hotel - Queensland Central Coast

2 days ago

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Internal Ref: TTQD1074

Summary

SBX Business Code: TTQD1074 - Freehold - Hotel - Investment - Queensland Central Coast

Rent

$97,708 pa

Net Profit

$0 pa

Location Details

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

Potential

Could take advantage of mining influx and put more accommodation on the vacant land. Could improve land facilities for more campers/ travellers.

Hours

(Lessee operating 7 days)

Lease

New 10 year lease has been signed from 2017 - C.P.I. yearly increases - Lessee pays insurance, r

Employees

Lessee is husband and wife team.

About the Business

Freehold - Hotel - Investment - Queensland Central Coast

SBX Business Code: TTQD1074
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%

Potential
Could take advantage of mining influx and put more accommodation on the vacant land. Could improve land facilities for more campers/ travellers.

Features
Well established. - Cash flow positive. -Great returns. - Excellent sound investment. - Very reasonable price. - No competition. - Established long term lessee in place.

Premises
Older style single storey timber building in good condition with a classic red awning at front on 3.5 acres.

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

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
CommentsTown 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.

SBX Business Code: TTQD1074

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