Freehold Hotel Leased – Will Add Cash

PENX Sold this Hotel approximately 2 years ago. The new owner has spent considerable money on the property so is a great little investment.

The tenant has been operating the businesses successfully for many years, which adds to the value of the Hotel.

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 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.