Sold
Motel · Gladstone Central · LH003234
The leasehold interest of arguably Gladstone's finest accommodation property. A purchaser can buy this, pay it off within two years and earn profit for the remaining.
Gladstone's finest - Earn a huge 60% return on this leasehold
The leasehold interest of arguably Gladstone's finest accommodation property. A purchaser can buy this, pay it off within two years and earn profit for the remaining.
- Net profit
- $337K
- Asking $600,000 + SAV
- Status
- Sold
The business at a glance.
- Immaculate property - No money to spend.
- In the best location available in the city being a only a few minutes walk to the CBD, and a short walk to the Marina and Heron Island Ferry Terminal.
- 32 x four star units that have recently been refurbished throughout to brand new condition.
- Great variety of room configurations - Executive queen, executive twin, family rooms, spa rooms and two bedroom self contained apartment.
- Lots of upside as the demand in Gladstone grows back.
- Fantastic large two bedroom manager’s residence.
- 16.5 years remaining on the lease.
The asset, the manager unit, the location.
Gladstone Central, QLD
Gladstone Central, QLD
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