LEASEHOLD 16 ROOM MOTEL WITH 40% RETURN AND NEW 25 YEAR LEASE FOR SALE.
We have been appointed to market the leasehold interest of the Peppercorn Motel located in Clermont in Queensland,
The Motel will show a return of over 40% and a new 25 year lease is offered at settlement.
The Motel comprises 16 rooms of various types and a fully self contained 2 bedroom Manager’s residence.
There was a recent fire in the Restaurant which is now almost fully rebuilt and open again.
The property presents in excellent condition and the Tenant has negotiated a new 25 lease at settlement for new owners.
The Motel has an inground swimming pool with a covered BBQ area in beautiful landscaped gardens.
After a complete rebuild, the Restaurant will be re-opened and will cater for approximately 40 guests.