29 Brisbane Road Biggera Waters
Hotel/Leisure

29 Brisbane Road
Biggera Waters 4216

Sold - $1,900,000
    • 1012
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29 Brisbane Road Biggera WatersSold
Sold - $1,900,000
  • 1012

Sold by Team Grbcic

Sold

Thu 10 Nov

More Information

Please contact agent for further details

29 Brisbane Road Biggera Waters
29 Brisbane Road Biggera Waters
29 Brisbane Road Biggera Waters
29 Brisbane Road Biggera Waters
29 Brisbane Road Biggera Waters
29 Brisbane Road Biggera Waters
29 Brisbane Road Biggera Waters
29 Brisbane Road Biggera Waters
29 Brisbane Road Biggera Waters
29 Brisbane Road Biggera Waters
29 Brisbane Road Biggera Waters
29 Brisbane Road Biggera Waters
29 Brisbane Road Biggera Waters
29 Brisbane Road Biggera Waters

Tony Grbcic and Adam Grbcic, at Kollosche Commercial, are proud to present to the market a freehold motel that is occupied by an experienced operator on a secure 15-year lease.

Located in the popular and tightly-held Broadwater precinct on the Gold Coast. The property is strategically located close to Harbour Town Shopping Centre, the Southport CBD, and is surrounded by numerous amenities including shopping, schools, restaurants, entertainment, and parklands.

Key features include:

- Excellent opportunity to capitalise on the investment return from the motel in the popular Broadwater precinct

-A 1,012m²* allotment situated on Brisbane Road

-Dual street frontage

-Recently refurbished 3-star freehold motel comprising 12 rooms, a manager's office, and a two level managers residence which has plans to be converted into an additional 2-3 rooms

-The rooms are all ensuited, equipped with Televisions, Wi-Fi, coffee and tea facilities, and basic kitchen appliances

-Within minutes to the Broadwater, parklands, cafes, restaurants, entertainment, shopping centres, schools, and medical facilities

The Key Investment Drivers include;

-New 15-year lease with 10-year option

-Current Net Income: $140,000 + GST

-Tenant pays 100% outgoings (including 50% of land tax)

The lease is structured to provide the investor additional security, with the lease rental stated at $175,000 + GST and an incentive attached that provides a 20% discount to the tenant ($140,000 + GST) on the basis that all lease terms are met and there is no default or late rental payments. Providing a strong incentive for the rental to be paid on time and the property to be kept in good order.

This is the perfect opportunity for an investor seeking a long-term and secure lease with the added benefit of future development upside.

Disclaimer: Whilst every effort has been made to ensure the accuracy of these, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these as representations of fact but must instead satisfy themselves by inspection or otherwise.

Adam Grbcic

Adam
Grbcic

Commercial Sales

AG Real Estate Pty Ltd

Tony Grbcic

Tony
Grbcic

Commercial Sales

Just Real Estate Investments Pty Ltd

Property Features

  • Close to Transport
  • Close to Shops
  • Car Parking - Surface
  • Disabled Access

Outgoings

  • Council Rates - $9936.54 per year
  • Water Rates - $3609.8 per year

Location

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