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

parkingSpaces 28
|Hotel/Leisure
Contact Agent
Published on: 26 Oct 2023
Last updated on: 26 Jan 2025
Motel 98, 98 Victoria Parade, Rockhampton City, Qld 4700
Motel 98, 98 Victoria Parade, Rockhampton City, Qld 4700
Motel 98, 98 Victoria Parade, Rockhampton City, Qld 4700
+15
Motel 98, 98 Victoria Parade, Rockhampton City, Qld 4700
  • 15
Property ID: 504449940
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Key property information

Land Size
3,040.00 m2
Parking Comments
On-site parking
Zoning
High Rise Residential
Floor Area
1,349.00 m2
Parking Spaces
28
Tenure Type
tenanted

Exceptional CBD Motel Investment 15 Year Lease + Options to 2050

Motel 98, 98 Victoria Parade, Rockhampton City, Qld 4700
Burgess Rawson & Commercial East Coast Investments are pleased to offer to the market 98 Victoria Parade, Rockhampton QLD for sale via Portfolio Auction 174.

This opportunity has the following key investment highlights:

+ Fifteen (15) year net lease to September 2030
+ Four (4) further five (5) year options to September 2050
+ Motel 98: 'boutique' 4-star motel with a renowned reputation and prime waterfront location in Rockhampton’s commercial and entertainment precinct
+ Favourable annual CPI reviews with ratchet provisions, ensuring the rent cannot reduce
+ Tenant pays all usual outgoings excluding land tax
+ 1,349sqm* NLA freehold motel featuring 28 newly renovated bedrooms of various configurations, high-quality amenities, resort-style pool, adjoining managers residence and substantial on-site parking
+ Substantial 3,040sqm* landholding with favourable High Density Residential Zoning, offering future redevelopment opportunities of the site with development permissible up to 12 storeys (STCA)
+ Additional customer traffic provided by the exquisite ‘Skyring’ cocktail bar & restaurant, an established dining venue with a delightful blend of indoor and outdoor dining
+ Strategically located within proximity of Rockhampton’s major amenities including City Centre Plaza (320m*), Rockhampton Base Hospital (1.5km*) & Rockhampton Airport (3km*)
+ Rockhampton City: logistics hub of central Queensland known for its diverse economy underpinned by resource and agricultural industries with a population forecast to exceed 98,000 by 2041
+ Net Income: $408,531 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEST Tuesday 18 February 2025
Yallamundi Rooms - Sydney Opera House

Please contact the exclusively appointed Burgess Rawson & Commercial East Coast Investments team for more information.

*Approx.

Property Details

Basic Info

Property Type
Hotel/Leisure
Listing Status
On Market
Parking Spaces
28
Land Size
3,040.00 m2
Address
Motel 98, 98 Victoria Parade, Rockhampton City, Qld 4700
Neville Smith
Ground Floor, 61-73 Sturt Street, Townsville City, Qld 4810
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Contact Agent

Burgess Rawson Townsville - TOWNSVILLE CITY

Ground Floor, 61-73 Sturt Street, Townsville-City, Qld

Neville Smith
Neville Smith

Commercial East Coast Investments - BRISBANE CITY

GPO. Box 1818, Brisbane-City, Qld

Glenn Conridge
Glenn Conridge
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      Property ID: 504449940

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