98 Victoria Parade,
Rockhampton City, QLD 4700
Hotel, Motel & Leisure • Other
Price information
Sale - Expression of Interest
Contact Agent
Key property information
Land area
Floor area
Property extent
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$394,394
Number of Tenants
1 Tenant
Tenants / Type
Motel 98
Private inspections
to arrange a private inspection.
Commercial East Coast Investments - BRISBANE CITY
GPO. Box 1818BRISBANE CITY, QLD 4000
98 Victoria Parade
Rockhampton City, QLD 4700
Map of 98 Victoria Parade
Train stations within 5 km of 98 Victoria Parade, Rockhampton City, QLD 4700 Distance Rockhampton 1.8 km POWERED BY HERE ©Bus stops within 5 km of 98 Victoria Parade, Rockhampton City, QLD 4700 Distance Fitzroy St Near East St 304 m Bolsover Street 451 m Denham St Near Bolsover St 530 m William St Near East St 724 m Murray St Near Cambridge St 916 m POWERED BY HERE ©
POWERED BY HERE ©
Premium Waterfront CBD Motel Investment | 15 Year Net Lease + Options to 2050
- 4 x 5 year options to 2050
- Substantial CBD landholding
- Strong tenant commitment
Burgess Rawson & Commercial East Coast Investments are pleased to offer to the market 98 Victoria Parade, Rockhampton QLD for sale via Expressions of Interest closing Thursday 30 April 2024 at 3pm AEST (if not sold prior).
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
+ The 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: $394,394 pa* + GST
For Sale via Expressions of Interest Closing Tuesday 30 April 2024 at 3pm AEST (if not sold prior).
Please contact the exclusively appointed team for more information.
*Approx.
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
+ The 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: $394,394 pa* + GST
For Sale via Expressions of Interest Closing Tuesday 30 April 2024 at 3pm AEST (if not sold prior).
Please contact the exclusively appointed team for more information.
*Approx.
Property ID: 504549856Last Updated: 25 Apr 2024
Commercial East Coast Investments - BRISBANE CITYGPO. Box 1818
BRISBANE CITY, QLD 4000
BRISBANE CITY, QLD 4000
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