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Super Fund or Investment Opportunity - Freehold Motel

1 Graham Colyer Drive, AGNES WATER QLD, 4677

For Sale

Property for Sale in 1 Graham Colyer Drive, AGNES WATER QLD, 4677

Listing ID:
11246512
Status:
Active
For:
Sale
Price:
$1,350,000
Last Updated:
27/02/2019
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Property Type

Hotel/Leisure
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Land Area

1269 SQM
Icon size

Floor Area

1000 SQM
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Parking

12

Super Fund or Investment Opportunity - Freehold Motel

Agnes Water / Central Queensland / Southern Great Barrier Reef.
Boutique opportunity to buy a fully leased freehold motel.
Prime position within walking distance of town, beach and shops.
Located in the tourism strip with excellent corner exposure.
Adjoining Restaurant and multi complex resort facility.
Long Term lease in place providing a proven ROI over the long term.

Currently Comprising
9 Ensuited motel rooms - 1 room is disabled
Café space and Office on first level above café

DA approved to convert Café space to two ensuited motel rooms and a reception area
DA approval to convert upstairs office to managers residence
DA approval to add two more motel rooms
Expected additional income $10,000 per motel room = additional $40,000 pa to be negotiated with lessee.
No quotes have been obtained for the conversions and the additional rooms
$30,905 head works will be payable if DA is enacted
Lease 10 years commencing 1/3/2016 – 20/2/2026
Options 3 x 5 year options

For a full IM call Gordon Christian and inspect today.

For more details, please email agent


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PRD Nationwide Agnes Water

Shop 20 Endeavour Plaza, Captain Cook Dr, Agnes Water, QLD 4677


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