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PASSIVE INVESTMENT HOTEL SALE IN THRIVING MARYBOROUGH QLD.
About this Property
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Contact Damian Monahan on Ph: 0498 204 926 or Chris Cameron on 0477 271 875 for an inspection or further details.
- Current Owner to take up on Lease 2 and operate, Lease 1 has current tenant of Ground Floor Operation
- BAR, CAFE, NIGHTCLUB, BEER GARDEN
- ROI – 8%
- 2 x Leases consisting of 30 years (10 x 3 years) each.
- Lease 1: Ground Floor Cafe, Bar, Nightclub, Beer Garden lease. $54,000 per annum CPI increases, lease holder paying 100% the outgoings.
- Lease 2: Accommodation ( Refurbish at Lessee’s expense including new roof ) 2nd and 3rd Floors, $60,000 per annum CPI increases.
- TOTAL RENT $114,000 per annum.
- Strong Bar, Cafe, Night Club, Beer Garden and once complete Accomodation Business.
- Maryborough is on the move with “Government Incentives” on offer to further improve site.
- Potential for 3 X Off Premise Licences that can be sub leased or operated by the lease holder.