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spacer Kallangur Motel Brisbane - Freehold
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spacer PRICE: $1,825,000 GST Exempt WIWO
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FEATURES:
 
  • Freehold Motel sale
  • 33 rooms, 19 of which were constructed in 2015, and the others extensively refurbished 2016
  • New 5 year lease with five further 5 year option terms
  • 50% share is offered
  • Situated at Kallangur in the Morton Bay area, Brisbane North
  • Convenient location close to shopping centre, tavern and eateries
  • High occupancy
  • Inground Pool
  • Nicely landscaped gardens, and barbecue/entertainment area
  • 2 bedroom managers residence
  • Very experienced lessee/operator
  • As new presentation
  • Excellent investment
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DESCRIPTION:
 50% of this excellent freehold investment opportunity in a high growth area of Brisbane is offered for sale. A new 5 year lease is offered, with 5 further option periods of 5 years each, with a very experienced lessee/operator. The motel consists of 33 rooms, 19 of which were constructed in 2015, and the remaining rooms were extensively refurbished during 2016.
Offered for sale at a net return on investment of 7.4%.

Great Presentation, Great Location, High Occupancy rates, Brand new 30 year Lease, and Attractive investment return.
What else could you want?

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CONTACT:
David Radonich

Ph: 07-41544178
Mob: 0418204479
david@cbdrealty.com.au
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