19 Peel Street, Mackay QLD 4740

$95,000

A Rare Opportunity!

This motel is located in the centre of town, walking distance to all amenities and local popular attractions. This is a low maintenance property, nicely presented, ideal for a primary or secondary income, not many opportunities come around like this one.
Fully air conditioned, large 4 bedroom residence onsite included in this leasehold.
The motel was closed in 2014/2015 and reopened November 2015 after major improvements were completed.
Improvements include:
- 12 large well appointed units presenting very well.
- Storeroom and laundry onsite.
- Professional reception with internal access to residence.
- Huge fully air conditioned 4 bedroom, 2 bathroom residence complete with large kitchen.
- Undercover parking.
- Lovely grounds with grassed area in the CBD to park larger vehicles, trucks, boats, trailers etc.
- Workshop and Garden Shed.
- Annual rent only $63,000 + GST per annum.
The Lessor pays the rates, building insurance and a large part of the repair and maintenance costs, making this an excellent lease for the operator!
The Leasehold for this motel is being offered to market, with a huge amount of potential as the motel continues to build a strong client base since its reopening.
The added advantage of this property, is it also generates an income for you while you live there!
Highly recommended!

Disclaimer; The vendors and/or their agents do not give any warranty as to errors or omissions, if any, in these particulars, which they believe to be accurate when compiled.

Property Details

• Type: Hotel/Leisure
• Tenancy: Vacant