Strategic Investment Holding Gateway To Success In Hospitality! - 2016MI

- Exceptionally rare opportunity secured by a solid building and lease to a tenant with a thriving business in the heart of Townsville.

- 38 guestrooms with capacity to sleep 100.

- 36 years remain on the lease including options from 14th August 2032 as at 2026 - (Lease term 8 years commenced 7th June 2024 and exp 14th August 2032 plus 3 x 10 year options)

- Lessee must redecorate at least once every 10 years in addition to ongoing paint, repaint etc as per per the lease.

- Solid low maintenance block construction with iron roof with low maintenance external areas

- Driveway and Parking: Low Maintenance concrete

- Seize the chance to step secure a strategic holding of 38 rooms, with strong cashflow in one of Australia's most promising hospitality markets. Coolabah Motel is not just an investment, in the longer term; it's a golden opportunity to embrace the strong vibrant culture and economic growth of Townsville.

- Established Infrastructure: The property features various configurations with some of the 38 (including quadruple, studio, and family options) equipped with kitchenettes, air conditioning, and flat-screen televisions.

- Onsite Amenities: Investors benefit from a property that includes an all-year outdoor pool, barbecue facilities, laundry services, and free on-site parking for guests.

- Repeat Clientele: The motel has a history of catering to work-related stays and long-term guests who value its quiet atmosphere and hospitable management.

Key Features:

Situated in the vibrant heart of Townsville (Bowen Road in Rosslea), a major corridor in Townsville with high visibility to key landmarks, the Coolabah Motel is strategically positioned to attract a diverse range of guests. Conveniently located near major attractions, business districts, and transport hubs, this motel is a hot spot for both business and leisure travelers.

Tourist Hub: Townsville is a thriving tourist hub, attracting visitors with its stunning coastal views, the iconic Magnetic Island, and a range of cultural and recreational activities. The motel benefits from the city's appeal as a gateway to the Great Barrier Reef, making it a sought-after destination.

Proximity to Business Centers: Ideal for corporate travelers, Coolabah Motel is strategically located near key business districts, making it a preferred choice for professionals attending conferences, meetings, or trade events in Townsville.

Why Invest in Coolabah Motel?

Proven Revenue Stream: With a variety of room types and modern amenities, Coolabah Motel caters to a broad spectrum of guests, from corporate travellers to families and tourists. The property currently has in place a long term Government contract for all of the rooms and is running at 100% occupancy and that is expected to continue for the foreseeable future. Strong demand: The city’s rental market is exceptionally tight, with vacancy rates below 1%, ensuring constant demand for short term and corporate accommodation from workers, students and tourists.

Upward Trajectory: Capitalize on the region's economic growth and increasing tourism trends. Townsville's status as a business and leisure destination ensures the motel's upward trajectory in the market.

QLD offers investor- friendly policies, such as a $600,000 tax-free land value threshold for individuals and $350,000 for companies (Significantly higher than Victorias $50,000, making it a preferred state for investors.

Annual Rent: $277,000 plus GST

Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2016MI (quote when enquiring)

Property Code: 5379

For more details, please email broker or call agents.