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

The sale of this property was a particularly lengthy affair, during this time Shane always remained positive & focused towards the end result. His encouragement ensured we also remained positive throughout the entire process. If we intend to buy or sell again we would not hesitate to engage Shane to act on our behalf.

- Brenda Krop COOKTOWN HOTEL

I, Glenn Clark, Managing Director of Walpuli Pty Ltd wish to acknowledge that Mr Len Booth of Resort Brokers, has acted on our behalf in the sale of 12 motels. Every time he has acted in a very professional manner. Walpuli Pty Ltd would always recommend Mr Len Booth to anyone thinking of buying or selling motels.

- Glenn K Clark
Managing Director,
Walpuri Pty Ltd