Leasehold For Sale
(5 years + 3 x 5 year options)
Toowoomba CBD precinct
$1.5 million + stock
with an option to Purchase the Freehold for:
within the first 3 years of the first term of the 5 year lease.
39 Gaming machines
(recently upgraded 7 machines)
(approval held for 45 machines to operate)
32 modern motel rooms
The town is considered as one of the largest country region towns located west of the Queensland coastal centres.
It has the newly constructed "Brisbane West Wellcamp Airport" with travel available to Queensland & inter-state destinations.
Toowoomba has primary & secondary recognised schools plus the University of southern Queensland.
Patrons & motel guest are drawn from locals, tourists, corporate business people and visitors from southern Queensland region country towns.
Lease 20 years
(5 years + 3 X 5 year options)
$1.5 Million + stock
Option to buy: the Freehold
for $5 million within the first 3 years of the first term of the lease.
1st Year: $ 350,000 pa. + gst,
2nd year: $ 375,000 pa. + gst.
3rd year: $ 390,000 pa. + gst.
Then yearly increases of 4%. +gst.
- 39 gaming machines,
- Motel accommodation: 32 self contained air-conditioned modern rooms with TV, fridge, coffee & Tea making facilities,
- Large public bar,
- 2 separate full TAB facilities, pool table area and a private area with fireplace.
- Glycol beer system,
- Private lounge bar with the 2nd TAB facility which converts to a private function room on request,
- Large dining room with bench & table seating and a bar facility,
- Owner / Manager's accommodation,
- Beer garden,
- Off street sealed motor vehicle parking for 50 vehicles,
- Late license held to 3am.
Contact: Ian Hayes: 0419 681 594