$1,860,000

OUTSTANDING PASSIVE INVESTMENT, 10% RETURN

The property consists of the well known Lees Hotel/Motel, together with 3 retail tenancies all tenanted by experienced long term and very stable tenants.

The property has undergone extensive renovations over a number of years, finishing in 2014 and it now presents in excellent condition.
The Hotel comprises 3 bars, gaming room with 10 gaming machines, bistro and function room, beer garden, and additionally a 22 room Motel rated at 3.5 stars. There is also a fully equipped commercial kitchen and reception area.

The Tenant of the Hotel/Motel also has a large 3 bedroom manager’s residence.

The Hotel Tenant is very experienced and enjoys ownership of a very successful business.

It is important to note that the Landlord owns the gaming entitlements, currently valued at approximately $75,000 each.

The retail tenants are also long term and experienced.
They include a Hairdressing Salon, Menswear shop, and Ladies fashion boutique.

The Hotel is built on the site of the original Day Dawn Hotel which was made famous by Slim Dusty as the
“Pub with no Beer”

$1,860,000

Description
OUTSTANDING PASSIVE INVESTMENT, 10% RETURN

The property consists of the well known Lees Hotel/Motel, together with 3 retail tenancies all tenanted by experienced long term and very stable tenants.

The property has undergone extensive renovations over a number of years, finishing in 2014 and it now presents in excellent condition.
The Hotel comprises 3 bars, gaming room with 10 gaming machines, bistro and function room, beer garden, and additionally a 22 room Motel rated at 3.5 stars. There is also a fully equipped commercial kitchen and reception area.

The Tenant of the Hotel/Motel also has a large 3 bedroom manager’s residence.

The Hotel Tenant is very experienced and enjoys ownership of a very successful business.

It is important to note that the Landlord owns the gaming entitlements, currently valued at approximately $75,000 each.

The retail tenants are also long term and experienced.
They include a Hairdressing Salon, Menswear shop, and Ladies fashion boutique.

The Hotel is built on the site of the original Day Dawn Hotel which was made famous by Slim Dusty as the
“Pub with no Beer”

Agent Details
Chris Rowe

Director, National coverage

mobile0408 225220

office07 5530 1578

emailemail me

Agency Details
Accommodation Business Brokers

location

2237 Glengallon Way, Hope Island. Qld 4212.

phone

07 5530 1578

fax

07 5530 1578

Key Details
property ID 1139915
build size 1m2
Media
Location