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Hotel/Leisure For Sale found in SLACKS CREEK, QLD 4127

FREEHOLD MOTEL & BUSINESS FOR SALE

Investment | Hotel/Leisure

27 Rooms + Restaurant + 3 Bedroom House
* Site area 4,626m² approx
* Newly renovated
* Pacific Highway exposure - 150,000 cars a day
* Very low maintenance property
* Solid concrete brick building
* Development upside
* Private and secure parking
* Established area with amenities near by
* Interstate owner is committed to selling must return home
* This is a Going Concern
* This motel was 100% full on Thursday 20th February 2014 due to the Eminem concert at Suncrop Stadium
Location:
Located approx 20 kilometres south east of the Brisbane CBD in the Brisbane-Gold Coast corridor. This area boasts a mix of commercial, industrial and retail property, its location within the Gold Coast corridor. The area has strong surrounding population growth and mixed demographic of its workforce. The area is well serviced by the Pacific Motorway, which provides links to both the north and south of the area with the Logan Motorway and Gateway Motorway. The Slacks Creek Business Area consists of the renowned Moss Street precinct. The area extends to the Logan/Brisbane city boarder on Logan Road and along the Pacific Highway as far south as Paradise Road. The precinct includes retail, service and light industrial businesses. The Slacks Creek business precinct spans the Pacific Highway. For some businesses the highway road frontage provides optimal exposure to highway & interstate traffic.

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Price: AUCTION    Building: 4626m²    Land: 4626m²

Properties located in the surrounding suburbs

TWO COMPLEXES TO PURCHASE TOGETHER

Hotel/Leisure

The office is on Common Property and is exclusive use to the Caretaker. There is a Garden Shed with all garden equipment required purchased by the Body Corporate.
Second complex has managers nice 3 bed 2.5 bath 2 car home with office as well if required. Current manager has this home rented out and the person renting it also seconds as their after hours representative.
Please contact Robert Collins Exclusive Agent on
0404678792 or robertc@raas.com.au
Easy care complex with limited gardening. Close to rail and bus for commuters. Normal letting pool charges apply to 20 t/houses. NRAS 13% management only applies.Balance is normal rentals.
This complex has been running for 5 years exceptionally well with the NRAS component. Second complex is a normal complex with managers home . The complexes are less than 5 minutes drive. They are sold as one unit. Because the NRAS is the good one valuers are happy to accept all at normal rate
1 P&L = $70,737
2 P&L = $124,691
TOTAL = $195,248
This will be sold at less than a 4.8 multiplier

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Price: $1,300,000    Building: 5m²    Occupancy: Vacant

SUBURB PRICE GUIDE

Suburb Summary - Slacks Creek, QLD 4127

Below you will find the average advertised Sale Price, Rent & Yield for this suburb.

Price (m²) Rent (m²) Yield
Offices $1862 $157 8.44%
Retail $2725 $158 5.78%
Industrial $1664 $123 7.39%
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list on Commercial Property Guide.
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