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100 Gladstone Road, ALLENSTOWN, QLD, 4700

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+8 Photos

SOLD

100 Gladstone Road, ALLENSTOWN, QLD, 4700

Properties / Sold / Queensland / Allenstown

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

$1,350,000

Land Area

1,310 m² (*approx)

Floor Area

1 m² (*approx)

Property Type

Retail, Hotel/Leisure, Other

Sub-type

Hotel, Mixed Use

Terms

New 10-year lease until 2030 with options through to 2050

Show All

2. Property Highlights

7.75% Net Yield | High Exposure Motel Investment - Secure 10 Year Lease + Options to 2050

Net Lease - Tenant Pays all Outgoings
22,000 Vehicles Passing Daily
Prime Corner Site - 1,310sqm

+ New 10-year lease until 2030 with options through to 2050

+ Large 1,301 sqm* corner site with direct exposure to Gladstone Road, a major arterial road servicing an average of 22,000+ vehicles passing daily

+ Prime location: one of the first motels when travelling south from the Rockhampton City.

+ Investor preferred lease terms with the tenant paying all outgoings including land tax

+ Annual CPI rent increases ensuring strong rental growth

+ Surrounded by essential infrastructure including the Rockhampton Airport – 3km, Rockhampton Hospital – 1.8km, CQ University – 1.2km, Mater Private Hospital – 1km and Rockhampton Train Station – 700m

+ Less than 1.8 kilometres from Rockhampton City Centre Plaza Shopping Centre, anchored by Coles, Target and Terry White Chemists – 30 + specialty retailers

+ Located 400m from Allenstown Square Shopping Centre, anchored by Woolworths and The Reject Shop – 25 + specialty retailers

+ Gladstone Road: a major arterial road connecting the Bruce & Capricorn Highway to the Rockhampton City

+ Rockhampton: diverse economy underpinned by resource & agriculture generating $84.5B annually in 2021

+ Net Income: $105,147.93 pa* + GST

Remember to mention you found this property on CommercialReady

Property Type

Retail, Hotel/Leisure, Other

Sub-type

Hotel, Mixed Use

Terms

New 10-year lease until 2030 with options through to 2050

Land Area

1,310 m² (*approx)

Floor Area

1 m² (*approx)

Selling Method

Auction

Selling Details

$1,350,000

2. Property Highlights

7.75% Net Yield | High Exposure Motel Investment - Secure 10 Year Lease + Options to 2050

Net Lease - Tenant Pays all Outgoings
22,000 Vehicles Passing Daily
Prime Corner Site - 1,310sqm

+ New 10-year lease until 2030 with options through to 2050

+ Large 1,301 sqm* corner site with direct exposure to Gladstone Road, a major arterial road servicing an average of 22,000+ vehicles passing daily

+ Prime location: one of the first motels when travelling south from the Rockhampton City.

+ Investor preferred lease terms with the tenant paying all outgoings including land tax

+ Annual CPI rent increases ensuring strong rental growth

+ Less than 1.8 kilometres from Rockhampton City Centre Plaza Shopping Centre, anchored by Coles, Target and Terry White Chemists – 30 + specialty retailers

+ Located 400m from Allenstown Square Shopping Centre, anchored by Woolworths and The Reject Shop – 25 + specialty retailers

+ Gladstone Road: a major arterial road connecting the Bruce & Capricorn Highway to the Rockhampton City

+ Rockhampton: diverse economy underpinned by resource & agriculture generating $84.5B annually in 2021

+ Net Income: $105,147.93 pa* + GST

Remember to mention you found this property on CommercialReady

Tenanted Investment