A great opportunity to trade into a freehold investment
Rent - $90,000 per annum plus outgoings
TRADE FOR
The vendor would consider a house, Unit or Apartment in SE Queensland as part payment.
Will consider other options, so bring me an option.
FULL DESCRIPTION
This Hotel has a very good tenant who is into the 2nd year of a 10 year plus 4 x5 year options
Rent $90,000 per annum plus options
Based in one of the most beautiful parts of coastal Central North Qld & being positioned near one of the world's largest coal ports. A Federation style hotel with approximately 8000 cars passing daily.
The hotel is a double-storey building that sits on a 1002sq m parcel of land; well over quarter of a million dollars has recently been spent on building improvements and a complete new roof & battening out ready for solar off grid. Other improvements consist of new for old replacement of 2nd story verandah overlooking township, new solid black bean timber flooring throughout bar area, new ceilings, chandeliers and led lighting in lounge area, new power board, completed fire & safety audit pass of entire building (replacement of all alarms, lighting, signage, fire management plan & extinguishers), new fans, complete replacement of large front awning over public walkway, original 2nd story floors polished, barista fix out in both bar areas, too much to mention on all detail. .
The prime real estate location ensures stability regardless of mining industry boom & decline which has only moderately affected trade, as strong growth in agriculture and tourism for Sarina.
The Mackay region is the largest sugar producing area in Australia and the Mackay & Hay Point Ports host one of the world’s largest bulk sugar & coal terminals.
