Sold
Hotel · Toowoomba · INV007449
This is the first time this Freehold passive investment has ever been offered to the market. Just 15 years old, this 52-room motel is located close to the Toowoomba CBD and on the main Western access road going from Brisbane to Roma. With a very strong long-term tenant in place, this investment offers a strong six per cent triple net yield.
Unquestionably recognised as the best motel in the West
This is the first time this Freehold passive investment has ever been offered to the market. Just 15 years old, this 52-room motel is located close to the Toowoomba CBD and on the main Western access road going from Brisbane to Roma. With a very strong long-term tenant in place, this investment offers a strong six per cent triple net yield.
- Net profit
- $7.5M
- Asking price
- Status
- Sold
The business at a glance.
- Quality build and high-level presentation
- Strong six per cent triple net yield
- Runs at consistently high occupancy
- Highly experienced strong tenant in place with good covenant
- Luxury accommodation with a restaurant, cocktail bar and fitness centre
- Strong investment location, opposite major shopping centre and outstanding street appeal
- Property inspections are by appointment only
The asset, the manager unit, the location.
Toowoomba, QLD
Toowoomba, QLD
Talk to the broker.
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Ian Crooks
Chairman
0411 171 648
07 3878 3999
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