Passive Investment Hotel Sale – Criterion Hotel Maryborough

Maryborough, Queensland

$1,400,000 + SAV

About this Property

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Key Features

PASSIVE INVESTMENT HOTEL SALE IN THRIVING MARYBOROUGH QLD.

Contact Damian Monahan on Ph: 0498 204 926 or Chris Cameron on 0477 271 875 for an inspection or further details.

Business summary

Upside Potential

  • Current Owner to take up on Lease 2 and operate, Lease 1 has current tenant of Ground Floor Operation
  • BAR, CAFE, NIGHTCLUB, BEER GARDEN
  • ACCOMODATION
  • ROI – 8%
  • 2 x Leases consisting of 30 years (10 x 3 years) each.
  • Lease 1: Ground Floor Cafe, Bar, Nightclub, Beer Garden lease. $54,000 per annum CPI increases, lease holder paying 100% the outgoings.
  • Lease 2: Accommodation ( Refurbish at Lessee’s expense including new roof ) 2nd and 3rd Floors, $60,000 per annum CPI increases.
  • TOTAL RENT $114,000 per annum.
  • Strong Bar, Cafe, Night Club, Beer Garden and once complete Accomodation Business.
  • Maryborough is on the move with “Government Incentives” on offer to further improve site.
  • Potential for 3 X Off Premise Licences that can be sub leased or operated by the lease holder.

DAMIAN MONAHAN

Sales Executive – SUNSHINE COAST

0498 204 926

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