Two Motels In Cloncurry – Freehold Only Passive Investment - 1p4682m
Cloncurry, Queensland 4824
SOLD
Key Features
AI generated. Contact seller to confirm.
- Two freehold motels totalling 42 rooms
- Very high occupancy rates
- Managed from one location
- New 30 year lease
- CPI annual rent review
- Clientele includes government contractors and corporate guests
- Turnover: Not disclosed
- Net Profit: Not disclosed
- Rent/Lease: Lease in place
- Stock Value: Not disclosed
- Established: Not disclosed
Business Details
Business Category Motel
CRE Brokers are pleased to be appointed Exclusive Agents for this Investment opportunity in Cloncurry. Two Freehold Motels totalling 42 rooms with very high occupancy with a new 30 Year Lease.
The business is managed form one location and the two Motels are around the corner from each other.
This is an opportunity for a passive investment with a CPI annual rent review and great long-term prospects as the majority of the clientele are Government contractors and corporate guests working in surrounding industries and Government projects.
The business is managed form one location and the two Motels are around the corner from each other.
This is an opportunity for a passive investment with a CPI annual rent review and great long-term prospects as the majority of the clientele are Government contractors and corporate guests working in surrounding industries and Government projects.
What's Nearby
Nearby Locations
Similar Businesses For Sale
This business is somewhat unique and has no similar competition in this region, category or price bracket.
