The Best Regional Investment In Australia
The Best Regional Investment In Australia
The Best Regional Investment In Australia

The Best Regional Investment In Australia

$4,700,000

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.

Key Features

  • Rent ratio when sold was 36% to profit.
  • Prime CBD location overlooking the Fitzroy River.
  • Renovated to suit a new investor
  • The only motel in the area – creating a relaxed secure atmosphere.
  • Long term tenant

NB: Property inspections are by appointment only

Key Details

Listing Ref: INV004946
Property Type: Motel
Region: QLD - Central
Suburb: Rockhampton City
Sale Type: Freehold Passive Investment
Price: $4,700,000

Listing Agent(s)

Agent Feedback

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
Previous Owners,
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
Vendor,
Waterfront Terraces

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
Purchasers,
Lyndoch Motor Inn