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2 Crofton Street, Bundaberg Central, Qld 4670

2 Crofton Street, Bundaberg Central, Qld 4670

Hotel/Leisure Land/Development Retail

  • For Sale
  • Expressions Of Interest
  • Expression of Interest

Fully Leased Investment in Regional Hotspot

  • 10-year lease with options until 2040
  • Bundaberg occupancy rate is 62.3%
  • Prime Location

  • Land Area
  • 555.00 m² (approx)
  • Floor Area
  • 1,020 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • Jul 16, 2019
  • Parking Comments
  • On-Street

Interested in this property? Contact an Agent today

Transact Property Group - Mooloolaba

5a/20 Brisbane Road

Mooloolaba Qld 4557

Daniel Cullinane, Transact Property Group - Mooloolaba
Daniel Cullinane

Fully Leased Investment in Regional Hotspot

Transact Property Group are delighted to present The Bundaberg Backpackers and Traveller Lodge (est. 1988) to the market for sale via Expressions of Interest.

A renowned working holiday stopover destination for tourists following the implementation of the Australian Governments working holiday visa (subclass 417) regional work requirements, Bundaberg is subject to over 730,000 annual visitors and has enjoyed a 18.9% year on year growth in occupancy rates and a huge 32.7% year on year growth in revenue per room.

Underpinned by a 10 year lease with options until 2040, this asset offers the astute investor the rare opportunity to acquire a centrally located CBD investment, leased to an established tenant in a thriving regional centre.

Features include:
- Backpackers Hostel Established in 1988
- 10-year lease with options until 2040
- 100% of outgoings paid by the tenant
- Approved for 11 rooms and 68 beds
- Bundaberg occupancy rate is 62.3%
- Located in close proximity to an abundance of public transport
- Prime CBD location

Net Income: $117,845* pa + GST

For further details, a copy of the information

2 Crofton Street, Bundaberg Central, Qld 4670

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