Motel 98 is in a premier location in a strong regional area with a very rare 35 year lease in place.The land has dual street access with riverfront exposure on over 3,000sqm. Unimproved land value is over $1.5m and this is a land bank for future development with a solid return in place. The river precinct has undergone major redevelopment over the last two years, with beautification of the riverfront parkland and the development of new residential buildings, commercial retail and business & hotels. This position creates strong support and choice for travellers & local populations.
NB: Property inspections are by appointment only
|Region:||QLD - Central|
|Sale Type:||Freehold Passive Investment|
Shane Mullins made us completely proud with his efficiency and diligence in the sale of our property City Park Gardens. His process working towards the list price was always the primary focus and he achieved great results. We look forward to buying our next property through Resort Brokers! Shane Mullins made us completely proud with his efficiency and diligence in the sale of our property City Park Gardens. His process working towards the list price was always the primary focus and he achieved great results. We look forward to buying our next property through Resort Brokers!
- Shane & Sandra Croghan
City Park Gardens
I have known Shane for some time and ended up choosing him as an exclusive agent among the many available in Cairns because of his high ethical standards, knowledge of the industry and accurate vetting of potential buyers. He listens well to ideas presented but is not afraid to voice his own opinion, which was always backed up with sound statistics and market knowledge, proving valuable in guiding the process to the best outcome. I would not hesitate to recommend him noting that he was also recommended to me by an outgoing manager who sold his business through Shane.
- Andrew Marflett
We would like to say a huge thanks to Shane Mullins for his professionalism and effort to finalise the deal for our leasehold purchase. It was a pretty special set of circumstance for our purchase, and we wouldn’t have got past the first base, let alone completed without your involvement. We very much look forward to building the business into a very healthy going concern for you to take back to the market in the next 12-24 months!
- Max Nulley
Lyndoch Motor Inn