Clermont, QLD 4721

Region: QLD - Townsville/Mac

Sale Type: Motels - Leasehold

For Sale

$495,000

Profit: $210,000

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.

Details

  • Listing ID: R2-1725742
  • Property Type: Motels
  • Sale Type: Leasehold
  • Region: QLD - Townsville/Mac
  • Suburb: Clermont, QLD 4721

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