Motel 98, 98 Victoria Parade, Rockhampton City, Qld 4700

Exclusive agents, Burgess Rawson and Commercial East Coast Investments , are delighted to offer to investors 'Motel 98' – a secure high profile investment with long term landlord friendly lease .

- Prime 3,040*sqm freehold site with High Rise Zoning to 12 storey's (STCA)
- Tenant pays all outgoings including maintenance and property upgrades to maintain a 4-star rating as per the lease
- Attractive annual CPI rent reviews
- Motel 98 is a 4-star motel with ‘a la carte’ restaurant & bar, in a prime waterfront location 
- Long established, strong trading accommodation asset with over 91% occupancy
- Short stroll from the City’s East St. CBD and only 8 minutes’ drive to Rockhampton City airport
- Substantial on-site guest and visitor parking with rear street access
- Featuring 28 rooms set in a tropical garden oasis with resort style pool
- Popular ‘Skyrings’ restaurant and bar fronting the property
- Includes 3 Bedroom managers residence
- Motel 98 is one of Rockhampton’s most renowned and popular motels
- Rockhampton City: Regional capital of Central Queensland and widely regarded as the beef capital of Australia
- Net Income $408,531 p.a. + GST (incl. Land Tax)

FOR SALE VIA BURGESS RAWSON SYDNEY PORTFOLIO AUCTION
Commencing 10.30 am Tuesday 18 February 2025
Sydney Opera House

*Approximate