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First Class Investment - Paraway Motel Katherine Freehold
Sold
35 First Street, Katherine
Profile
Occupying a prominent corner site comprising four (4) allotments and having a total area of 4,049m2, zoned (CB) Central Business.
The property consists of a fifty six (56) room motel, known as the Paraway Motel. Comprising a reception, bar, restaurant, commercial kitchen and manager's flat. Other improvements include in-ground swimming pool, outdoor dining area, landscaped gardens, a large car parking area, boundary fencing and maintenance shed.
The property is subject to a 10 year lease which commenced 14 May 2015 with a current rental of $250,000 per annum (GST Exclusive)
Key Investment Highlights:
* 2,021m2 building area
* 4,049m2 site area
* 3.5 stars rating
* $250k P.A. current rental (exclusive gst)
* Long term lease
* 56 motel rooms
* Zoning (CB) Central Business
* 45 car parking bays
For more information contact Colliers exclusive marketing agents.
The property consists of a fifty six (56) room motel, known as the Paraway Motel. Comprising a reception, bar, restaurant, commercial kitchen and manager's flat. Other improvements include in-ground swimming pool, outdoor dining area, landscaped gardens, a large car parking area, boundary fencing and maintenance shed.
The property is subject to a 10 year lease which commenced 14 May 2015 with a current rental of $250,000 per annum (GST Exclusive)
Key Investment Highlights:
* 2,021m2 building area
* 4,049m2 site area
* 3.5 stars rating
* $250k P.A. current rental (exclusive gst)
* Long term lease
* 56 motel rooms
* Zoning (CB) Central Business
* 45 car parking bays
For more information contact Colliers exclusive marketing agents.
Features
4049 sqm approx.
Land Size
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